The Board of Trustees and Shareholders
Rochester Fund Municipals:


In planning and performing our audit of the financial statements of Rochester
Fund Municipals (the Fund) for the year ended December 31, 2004, 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, not to provide assurance on 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 accounting principles generally accepted
in the United States of America. 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 standards
established by the Public Company Accounting Oversight Board (United States). A
material weakness is a significant deficiency, or combination of significant
deficiencies, that results in more than a remote likelihood that a material
misstatement of the annual or interim financial statements will not be prevented
or detected. However, we noted no matters involving internal control and its
operation, including controls for safeguarding securities, which we consider to
be material weaknesses as defined above as of December 31, 2004.

This report is intended solely for the information and use of management, the
board of trustees of Rochester Fund Municipals, and the Securities and Exchange
Commission and is not intended to be and should not be used by anyone other than
these specified parties.





                                    KPMG LLP


Denver, Colorado
February 8, 2005