September  5,  2001



Securities  and  Exchange  Commission
Washington,  D.C.

Ladies  and  Gentlemen:

We were previously principal accountants for PLM Equipment Growth Fund V ("PLM")
and  under the date of March 12, 2001, we reported on the consolidated financial
statements of PLM Equipment Growth Fund V as of and for the years ended December
31, 2000 and 1999.  On August 30, 2001, our appointment as principal accountants
was  terminated.  We have read PLM Equipment Growth Fund V's statements included
under  Item 4(a) of its Form 8-K dated September 5, 2001, and we agree with such
statements,  except  that we are not in a position to agree or disagree with the
Company's  statements  that  the  change  was  recommended  by  the  Company's
management,  and  that  the  Company  did  not  consult  with  Deloitte & Touche
regarding  any  of  the  issues  specified  in item 304(a)(2) of Regulation S-K.

Very  truly  yours,


<<KPMG>>


cc:  Stephen  M.  Bess
     Chief  Executive  Officer
     PLM  International,  Inc.