THE CUTLER TRUST
August 16, 2012
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Re: The Cutler Trust (the "Registrant")
File Nos. 333-182894
Registration Statement on Form N-14
Ladies and Gentlemen:
Enclosed for filing on behalf of the Registrant named above is Pre-Effective Amendment No. 1 to its Registration Statement on Form N-14.
The filing relates to the proposed reorganization of The Elite Income Fund (the "Income Fund"), a series of The Elite Group, into the Cutler Income Fund (the "Income Fund"), a series of the Registrant. By virtue of the transaction, shareholders of the Elite Income Fund would become shareholders of the Cutler Income Fund and would hold shares of the Cutler Income Fund of a value equal to the net asset value of the shares of the Elite Income Fund held by them immediately prior to the transaction.
Please contact Tina Bloom at 513/587-3418 if you have any questions concerning this filing.
Very truly yours,
/s/ Tina H. Bloom
Tina H. Bloom
Secretary