THE CUTLER TRUST

March 12, 2020

Submitted via Edgar

U.S. Securities and Exchange Commission

Attn: Kimberly Browning

100 F Street, N.E.

Washington, D.C. 20549

Re: The Cutler Trust (the “Trust”)

File Nos. 811-07242 and 33-52850

Dear Ms. Browning:

Pursuant to comments received with regard to the Trust’s preliminary proxy statement filed on March 2, 2020 (Acc-no: 0001398344-20-004861) on behalf of the Cutler Fixed Income Fund and Cutler Emerging Markets Fund (each a “Fund” and together, the “Funds”), each a series of the Trust, in connection with a Special Meeting of Shareholders of the Funds scheduled to be held on April 28, 2020, in connection with the proposed liquidation of each Fund, we are electronically filing herewith via EDGAR the proxy solicitation card to be distributed to shareholders of the Funds. The proxy solicitation card will be included with the filing of the definitive proxy statement of the Funds. As previously communicated, we anticipate mailing definitive copies of the proxy statement to shareholders of the Funds on or about March 18, 2020.

Please contact the undersigned at 781-799-5517 if you have any questions.

Very truly yours,

/s/ Linda J. Hoard

Linda J. Hoard

Secretary

THE CUTLER TRUST        ♦        P.O. BOX 46707        ♦        CINCINNATI, OH 45246

Cutler Equity Fund, Cutler Emerging Markets Fund and Cutler Fixed Income Fund

are distributed by Ultimus Fund Distributors, LLC