REPORT OF INDEPENDENT
REGISTERED PUBLIC
ACCOUNTING FIRM



To the Shareholders and
Board of Trustees of
OCM Mutual Fund
Livermore, California 94551


In planning and performing our audit of
the financial statements of OCM Gold
Fund (the Fund), a series of OCM Mutual
Fund, as of and for the year ended
November 30, 2021, in accordance with
the standards of the Public Company
Accounting Oversight Board (United
States), we considered its internal control
over financial reporting, including control
activities for safeguarding securities, as a
basis for designing our auditing
procedures for the purpose of expressing
our opinion on the financial statements
and to comply with the requirements of
Form N-CEN, but not for the purpose of
expressing an opinion on the effectiveness
of the Funds internal control over financial
reporting.  Accordingly, we express no
such opinion.

The management of the Fund is
responsible for establishing and
maintaining effective internal control over
financial reporting.  In fulfilling this
responsibility, estimates and judgments by
management are required to assess the
expected benefits and related costs of
controls.  A companys internal control
over financial reporting is a process
designed to provide reasonable assurance
regarding the reliability of financial
reporting and the preparation of financial
statements for external purposes in
accordance with generally accepted
accounting principles.  A companys
internal control over financial reporting
includes those policies and procedures that
(1) pertain to the maintenance of records
that, in reasonable detail, accurately and
fairly reflect the transactions and
dispositions of the assets of the company;
(2) provide reasonable assurance that
transactions are recorded as necessary to
permit preparation of financial statements
in accordance with generally accepted
accounting principles, and that receipts
and expenditures of the company are being
made only in accordance with
authorizations of management and
directors of the company; and (3) provide
reasonable assurance regarding prevention
or timely detection of unauthorized
acquisition, use or disposition of a
companys assets that could have a material
effect on the financial statements.

Because of inherent limitations, internal
control over financial reporting may not
prevent or detect misstatements.  Also,
projections of any evaluation of
effectiveness to future periods are subject
to the risk that controls may become
inadequate because of changes in
conditions, or that the degree of
compliance with the policies or procedures
may deteriorate.

A deficiency in internal control over
financial reporting exists when the design
or operation of a control does not allow
management or employees, in the normal
course of performing their assigned
functions, to prevent or detect
misstatements on a timely basis.  A
material weakness is a deficiency, or
combination of deficiencies, in internal
control over financial reporting, such that
there is a reasonable possibility that a
material misstatement of the companys
annual or interim financial statements will
not be prevented or detected on a timely
basis.












Our consideration of the Funds internal
control over financial reporting was for the
limited purpose described in the first
paragraph and would not necessarily
disclose all deficiencies in internal control
that might be material weaknesses under
standards established by the Public
Company Accounting Oversight Board
(United States).  However, we noted no
deficiencies in the Funds internal control
over financial reporting and its operation,
including controls for safeguarding
securities, which we consider to be material
weaknesses, as defined above, as of
November 30, 2021.

This report is intended solely for the
information and use of management,
Shareholders and Board of Trustees of
OCM Mutual Fund 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/TAIT, WELLER & BAKER LLP
Philadelphia, Pennsylvania
January 25, 2022

To the Shareholders and
Board of Trustees of
OCM Mutual Fund
Page Two