Report of Independent Auditors


  To the Shareholders and The Board of Trustees of
  The Brinson Funds

  In planning and performing our audit of the financial statements
  of The Brinson Funds, for the year ended June 30, 2001, we
  considered their internal control, including control activities
  for safeguarding securities, 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 internal control.

  The management of The Brinson Funds 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
  internal control. Generally, internal 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 internal controls include the safeguarding of
  assets against unauthorized acquisition, use, or disposition.

  Because of inherent limitations in any internal control,
  misstatements due to errors 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 internal control
  may become inadequate because of changes in conditions, or that
  the degree of compliance with the policies or procedures may
  deteriorate.

  Our consideration of internal control would not necessarily
  disclose all matters in 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
  specific internal control components does not reduce to a
  relatively low level the risk that errors 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, including control activities for safeguarding securities,
  and its operation that we consider to be material weaknesses as
  defined above as of June 30, 2001.

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




                                     ERNST & YOUNG LLP

  August 3, 2001