Exhibit
16.1
Securities
and Exchange Commission
100
F
Street, NE
Washington,
D.C. 20549
Commissioners,
We
were
previously the independent registered public accounting firm for The Campbell
Fund Trust and, under date of March 22, 2005, we reported on the financial
statements of The Campbell Fund Trust as of December 31, 2004 and 2003 and
for
the years ended December 31, 2004, 2003 and 2002. On September 23, 2005,
we were
dismissed as the independent registered public accounting firm by the Board
of
Directors of Campbell & Company, Inc., the Managing Operator of The Campbell
Fund Trust. We have read The Campbell Fund Trust’s statements included under
Item 4 of its Form 8-K dated September 23, 2005, and we agree with such
statements, except that we are not in a position to agree or disagree with
the
statements contained in Item 4.01 (b).
/s/
Arthur F. Bell, Jr. & Associates, L.L.C.
Arthur
F.
Bell, Jr. & Associates, L.L.C.
