Item 77K

November 29, 2005

Securities and Exchange Commission
450 Fifth Street
Washington, DC 20549

Dear Commissioner:

KPMG LLP was previously the principal accountants for the Pacific Capital
Funds of Cash Assets Trust. On July 27, 2005 KPMG LLP resigned as the
principal accountants of the Trust and Tait, Weller and Baker LLP was engaged
as the principal accountants to audit the Trust's financial statements for the
fiscal year of 2006.  The decision was made by the Audit Committee of the Board
 of Trustees.

The audit reports of KPMG LLP on the Trust's financial statements as of and for
the years ending March 31, 2005 and 2004 did not contain an adverse opinion or
disclaimer of opinion, nor were they qualified or modified as to uncertainty,
audit scope, or accounting principles.

In connection with the audits of the two fiscal years ended March 31, 2005 and
2004 and the subsequent interim period through July 27, 2005, there were:
(1) no
disagreements with KPMG LLP on any matter of accounting principles or
practices,
financial statement disclosure, or auditing scope or procedures, which
disagreements if not resolved to the satisfaction of KPMG LLP would have caused
them to make reference in connection with their opinion to the subject
matter of
the disagreements, or (2) no reportable events enumerated in Item 304(a)(v) of
Regulation S-K.

At no time during the years ended March 31, 2005 and 2004 and through July 27,
2005 did the Trust consult Tait, Weller and Baker LLP regarding either (i) the
application of accounting principles to a specified transaction, either
completed or proposed, or the type of audit opinion that might be rendered on
the Fund's financial statements, or (ii) any matter that was either the subject
 of a disagreement or a reportable event, as such terms are defined in Item 304
of Regulation S-K.

The letter from KPMG LLP is attached as Exhibit 77K to this Form N-SAR.

                              Sincerely,

/s/Joseph P. DiMaggio
----------------------
Joseph P. DiMaggio
Chief Financial Officer and Treasurer