TRI CONTINENTAL CORP
NSAR-B, 2000-02-29
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SIGNATURE   THOMAS G. ROSE
TITLE       TREASURER


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<NAME> TRI-CONTINENTAL CORPORATION
<MULTIPLIER> 1000

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</TABLE>

INDEPENDENT AUDITORS' REPORT
The Board of Directors
Tri-Continental Corporation

In  planning  and   performing   our  audit  of  the  financial   statements  of
Tri-Continental  Corporation  (the "Fund") for year ended  December 31, 1999 (on
which we have issued our report dated  February 11,  2000),  we  considered  its
internal control,  including control activities for safeguarding securities,  in
order to determine our auditing  procedures  for the purpose of  expressing  our
opinion on the financial  statements and to comply with the requirements of Form
N-SAR,  and  not to  provide  assurance  on the  Fund's  internal  control.  The
management of the Fund is responsible for establishing and maintaining  internal
control.  In  fulfilling  this   responsibility,   estimates  and  judgments  by
management  are  required to assess the expected  benefits and related  costs of
controls.  Generally,  controls  that are  relevant  to an audit  pertain to the
entity's objective of preparing financial  statements for external purposes that
are  fairly   presented  in  conformity  with  generally   accepted   accounting
principles.   Those  controls   include  the   safeguarding  of  assets  against
unauthorized acquisition,  use, or disposition.  Because of inherent limitations
in any internal  control,  misstatements due to error or fraud may occur and not
be detected.  Also,  projections of any evaluation of internal control to future
periods are subject to the risk that the internal control may become  inadequate
because of changes in conditions, or that the degree of compliance with policies
and procedures may deteriorate. Our consideration of the Fund's internal control
would not necessarily disclose all matters in the internal control that might be
material  weaknesses  under standards  established by the American  Institute of
Certified Public  Accountants.  A material  weakness is a condition in which the
design or operation of one or more of the internal  control  components does not
reduce to a relatively low level the risk that misstatements  caused by error or
fraud in amounts that would be material in relation to the financial  statements
being audited may occur and not be detected  within a timely period by employees
in the normal course of performing their assigned  functions.  However, we noted
no matters  involving the Fund's internal  control and its operation,  including
controls for safeguarding securities, that we consider to be material weaknesses
as defined above as of December 31, 1999. This report is intended solely for the
information and use of management, and the Board of Directors of Tri-Continental
Corporation,  and the Securities and Exchange  Commission and is not intended to
be and should not be used by anyone other than these specified parties.

Deloitte & Touche LLP
New York, New York
February 11, 2000



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