[Logo]   Jones,Jensen & Company. LLC
         CERTIFIED PUBLIC ACCOUNTANTS AND CONSULTANTS

November 12, 1999



Securities and Exchange Commission
450 Fifty Street, NW
Washington, DC 20549

Ladies and Gentlemen:

We were previously the independent accountants for Euro Trade & Forfaiting, Inc.
(formerly  Rotunda Oil and Mining,  Inc.) and on February 5, 1999 we reported on
the financial  statements of Euro Trade& Forfaiting,  Inc. (formerly Rotunda Oil
and Mining, Inc.)

We have read Euro Trade & Forfaiting,  Inc.'s (formerly  Rotunda Oil and Mining,
Inc.)  statement  included  under  item  14 of its  amendment  2 to its  Form 10
registration  statement  dated  November 12 1999,  and we agree such  statements
except for the following:

1st  paragraph  of item 14, we have no  knowledge  as to Marc Lumer & Company or
Andrew  Murray  &  Company,   new  independent   accountants  or  to  any  other
representations about and for Marc Lumer & Company and Andrew Murray & Company.

Very truly yours,
/s/Jones, Jensen & Company
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Jones, Jensen & Company
Salt Lake City, UT