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                             STEPHEN J. GANNUSCIO
                              PUBLIC ACCOUNTANT
                              246 CLIFTON AVENUE
                              ROOM 20 -- FLOOR 2
                          CLIFTON, NEW JERSEY 07011
                          TELEPHONE: (973) 478-6188
                          FACSIMILE: (973) 478-6178




October 29, 1999

United States Securities & Exchange Commission
Washington, D.C. 20549

RE: CENTRAL AMERICAN EQUITIES CORPORATION FORM 8-K/A

Dear Sir/Madam:

Please be advised that I have been provided with a copy of Form 8-K/A for
Central American Equities Corporation notifying the commission of a change in
the company's certifying accountant.

Be advised that I have read the above filing in accordance with Item 304(a) I
hereby represent that I agree with the statements made in such filing.  I make
this representation in the capacity of the former accountant of Central
American Equities Corporation.

Should you have any questions, please do not hesitate to contact me directly.


Very truly yours,



/s/ Stephen J. Gannuscio
Stephen J. Gannuscio