EXHIBIT 16(1) LETTERHEAD OF COOPERS & LYBRAND L.L.P. May 16, 1996 Brent A. Johnson Chief Executive Officer FRC Racing Products, Inc. 101 North Industrial Parkway West Union, IA 52175 Dear Mr. Johnson: This is to confirm that the client-auditor relationship between FRC Racing Products, Inc. (Commission File Number 33-55254017) and Coopers & Lybrand L.L.P. has ceased. Sincerely, s/Coopers & Lybrand L.L.P. Coopers & Lybrand L.L.P. cc: Office of the Chief Accountant J.C. Anderson, Esquire SECPS Letter File Gray, Plant, Mooty & Mooty Securities and Exchange Commission 3400 City Center Mail Stop 9-5 33 South Sixth Street 450 Fifth Street, N.W. Minneapolis, MN 55402-3796 Washington, DC 20549