[Letterhead of Miller and McCollom]

March 31, 1999

Capital Reserve Corporation
1861 Beach Avenue, Suite 11
Vancouver, BC

Gentlemen:

We are  unable to  complete  the audit of the  December  31,  1998  consolidated
financial  statements  of  Capital  Reserve  Corporation  for  inclusion  in the
Company's  Form 10KSB by March 31, 1999. We hereby  consent to inclusion of this
letter in the Company's From 12b-25 - Notification of Late Filing.


/s/Miller and McCollom
Miller and McCollom, CPA's