Report of Independent Registered Public Accounting Firm



The Board of Trustees and Shareholders
of Pacific Capital Funds of Cash Assets Trust:

In planning and performing our audits of the financial statements
of The Pacific Capital Funds of Cash Assets Trust (the "Trust")
(comprised of Pacific Capital Cash Assets Trust, Pacific Capital
Tax-Free Cash Assets Trust, and Pacific Capital U.S. Government
Securities Cash Assets Trust) for the year ended March 31, 2005,
we considered their 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, not to
provide assurance on internal control.

The management of the Trust 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 U.S. generally accepted accounting
principles. Those controls include the safeguarding of assets against
unauthorized acquisition, use, or disposition.

Because of inherent limitations in internal control, error or
fraud may occur and not be detected.  Also, projection of any
evaluation of internal control to future periods is subject to the
risk that it may become inadequate because of changes in conditions or
that the effectiveness of the design and operation may deteriorate.

Our consideration of internal control would not necessarily disclose all
matters in internal control that might be material weaknesses under the
standards of the Public Company Accounting Oversight Board (United States).
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 internal control and its
operation, including controls for safeguarding securities, that we consider
to be material weaknesses as defined above as of March 31, 2005.

This report is intended solely for the information and use of management
and the Board of Trustees of the Trust and the Securities and Exchange
Commission and is not intended to be and should not be used by anyone
other than these specified parties.





/s/  KPMG LLP
-------------
     KPMG LLP


New York, New York
May 23, 2005