EXHIBIT 99 [LETTERHEAD OF BERNSTEIN, FOX, WHITMAN & COMPANY LLP] - -------------------------------------------------------------------------------- January 2, 1997 Samuel Kelsall V, Esq., Secretary CALIFORNIA PROPERTIES FUND 12770 High Bluff Drive Suite 140 San Diego, CA 92130 By mail and fax (800-200-4485) Dear Mr. Kelsall: This letter will confirm that the client-auditor relationship between CALIFORNIA PROPERTIES FUND (Commission File Number 0-91238) and BERNSTEIN, FOX, WHITMAN & COMPANY LLP (successor to Goldfarb, Whitman & Cohen) has ceased, effective May 16, 1996. Bernstein, Fox, Whitman & Company LLP was notified of the dismissal by facsimile transmission dated December 23, 1996, which was read on December 24, 1996. Sincerely, BERNSTEIN, FOX, WHITMAN & COMPANY LLP BY: /s/ KENNETH L. GOLDMAN, -------------------------- Kenneth L. Goldman, C.P.A. cc: By mail: Office of the Chief Accountant SECPS Letter File Securities and Exchange Commission Mail Stop 9-5 450 Fifth Street, N.W. Washington, D.C. 20549 By fax: 202-942-9656; Attn: SECPS Letter File/Mail Stop 9-5