Exhibit 1

                   Schwartz Levitsky Feldman, LLP (Letterhead)





June 8, 2000



Securities and Exchange Commission
Washington, D.C.  20549

Ladies and Gentlemen:

         We were previously principal accountants for Intercorp Excelle Inc. and
under the date of March 16, 2000, we reported on the financial statements of
Intercorp Excelle Inc., as of January 31, 2000 and 1999, and for the years ended
January 31, 2000 and 1999. On June 1, 2000, we were asked to resign as the
principal accountants of Intercorp Excelle Inc. We have read Intercorp Excelle
Inc.'s statements included under Item 4 of its Form 8-K dated June 8, 2000, and
we agree with such statements, except that we are not in a position to agree or
disagree with Intercorp Excelle Inc.'s statements that the Board of Directors
approved the appointment of Richter, Usher and Vineberg, and that Richter, Usher
and Vineberg were engaged to serve as Intercorp Excelle Inc.'s independent
accountants.


Very truly yours,


SCHWARTZ LEVITSKY FELDMAN, LLP


By: /s/ Katherine Evans, C.A.
    ---------------------------
    Name: Katherine Evans
    Title:  Partner