Exhibit (j)

FREMONT                                              FREMONT INVESTMENT ADVISORS

August 16, 2002

PricewaterhouseCoopers LLP
333 Market Street
San Francisco, California 94105

In  connection  with  your  audits of the  financial  statements  and  financial
highlights (hereinafter  collectively referred to as the "financial statements")
of Fremont  Mutual Funds,  Inc. (the "Fund") as of October 3 1,200 1 and for the
year then ended,  for the purpose of  expressing  an opinion as to whether  such
financial  statements  present fairly, in all material  respects,  the financial
position, results of operations,  changes in net assets and financial highlights
of the Fund in conformity with generally  accepted  accounting  principles,  you
were  previously  provided with a  representation  letter under date of December
14,2001. No information has come to our attention that would cause us to believe
that any of those previous  representations  should be modified. In addition, we
have not become aware of any  litigation  or claims  against the Funds since the
date of your opinion.

To the best of our knowledge and belief,  no events have occurred  subsequent to
October  3 1 , 2001 and  through  the date of this  letter  that  would  require
adjustment to or disclosure in the aforementioned financial statements.

/s/ Jack Gee
-----------------------------------------
Jack Gee
Senior Vice President and Chief Financial
Officer

/s/ Raymund Santiago
-----------------------------------------
Raymund Santiago
Manager, Fund Administration


             333 Market Street, Suite 2600 San Francisco, CA 94105
                      Phone 415 284-8989 Fax 415 284-8123