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EXHIBIT 15.1
October 9, 2000
Board of Directors and Shareholders of Security Capital Group Incorporated:
We are aware that Security Capital Group Incorporated has incorporated by
reference in its Registration Statement on Form S-4, its Form 10-Q for the
quarter ended June 30, 2000, which includes our report dated August 11, 2000
covering the unaudited interim financial information contained therein.
Pursuant to Regulation C of the Securities Act of 1933 (the "Act"), that report
is not considered a part of such registration statement or a report prepared or
certified by our firm within the meaning of Sections 7 and 11 of the Act.
Very Truly Yours,
/s/ Arthur Andersen LLP
ARTHUR ANDERSEN LLP
