EXHIBIT 16





                        [Atkinson & Co., Ltd. letterhead]



Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C.  20549

         Pursuant to 17 C.F.R.  ss.228.304(a)(3),  we have reviewed the language
under the heading "Item 4. Changes in Registrant's Certifying Accountant" in the
Current  Report  on Form  8-K to be  filed  with  the  Securities  and  Exchange
Commission by GFSB Bancorp, Inc. We agree with the statements contained therein.
However, aside from the receipt of notification of such action, we have no basis
for making a determination whether the board of directors or audit committee met
concerning this matter.


/s/ Atkinson & Co., Ltd.


October 6, 1997
Albuquerque, New Mexico