The Board of Directors
DUKE REALTY INVESTMENTS, INC.:

With respect to the accompanying registration statement, we
acknowledge our awareness of the use therein of our reports
dated May 5, 1998 and August 5, 1998 related to our review of
interim financial information.

Pursuant to Rule 436(c) under the Securities Act of 1933,
such reports are not considered a part of a registration
statement prepared or certified by an accountant, or reports
prepared or certified by an accountant within the meaning of
sections 7 and 11 of the Act.



KPMG Peat Marwick LLP
Indianapolis, Indiana
August 24, 1998