Michael Best & Friedrich LLP
Attorneys at Law
100 East Wisconsin Avenue
Suite 3300
Milwaukee, WI 53202-4108
Phone 414.271.6560
Fax 414.277.0656

January 29, 2010

VIA EDGAR

U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549

Re: Nicholas Limited Edition, Inc.

Ladies and Gentlemen:

We have acted as counsel to Nicholas Limited Edition, Inc. (the "Fund"), a corporation organized under the laws of the State of Maryland and registered under the Investment Company Act of 1940, as amended (the “1940 Act”), in connection with the preparation and filing of Post-Effective Amendment No. 35, under the Securities Act of 1933, as amended (the “Securities Act”) and the 1940 Act, to its Registration Statement on Form N-1A (the "Registration Statement"), to be filed with the Securities and Exchange Commission (the “Commission”) on or about January 29, 2010. The Registration Statement relates to shares of the common stock of the Fund designated Class N, par value $0.01 per share, registered under the Securities Act and the 1940 Act, and is being filed pursuant to Rule 485(b) under the Securities Act.

We have reviewed the Post-Effective Amendment and, in accordance with Rule 485(b)(4) under the Securities Act, hereby represent that the Post-Effective Amendment does not contain disclosures which would render it ineligible to become effective pursuant to Rule 485(b).

This letter is furnished to the Commission solely in connection with Post-Effective Amendment No. 35 under the Securities Act and the 1940 Act.

Sincerely,

MICHAEL BEST & FRIEDRICH LLP

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