EXHIBIT 15

June 9, 2004

The Gymboree Corporation:

We have made reviews, in accordance with standards established by the Public
Company Oversight Board (United States), of the unaudited interim financial
information of The Gymboree Corporation and subsidiaries for the three month
period ended May 1, 2004 and May 3, 2003 as indicated in our report dated June
9, 2004 (which report includes an emphasis of a matter paragraph regarding a
change in accounting principle); because we did not perform an audit, we
expressed no opinion on that information.

We are aware that our report referred to above, which is included in your
Quarterly Report on Form 10-Q for the quarter ended May 1, 2004, is incorporated
by reference in Registration Statement Nos. 33-90452, 33-94594, 333-10811,
333-74269, 333-89962 and 333-107564 of The Gymboree Corporation and subsidiaries
each on Form S-8.

We also are aware that the aforementioned report, pursuant to Rule 436(c) under
the Securities Act of 1933, is not considered a part of the Registration
Statement prepared or certified by an accountant or a report prepared or
certified by an accountant within the meaning of Sections 7 and 11 of that Act.

Yours truly,

/s/Deloitte & Touche LLP
San Francisco, California