April 18, 2005 Mail Stop 3-8 By Facsimile and U.S. Mail Mr. Blair W. Lambert Chief Financial Officer and Chief Operating Officer The Gymboree Corporation 500 Howard Street San Francisco, California 94105 		RE:	The Gymboree Corporation Item 4.02 Form 8-K filed April 15, 2005 			File No. 0-21250 Dear Mr. Lambert: 	We have reviewed your Item 4.02 Form 8-K for compliance with the form requirements and have the following comment. 	Please amend your report to disclose the amount of the restatement for the specific periods involved. 	You should file an amendment in response to this comment on or before April 25, 2005. 	If you have any questions regarding these comments, please direct them to Anthony Watson, Staff Accountant, at (202) 942- 7781. 							Sincerely, 							Anthony Watson 						Staff Accountant ?? ?? ?? ?? April 18, 2005 Page 2