EXHIBIT 16


October 23, 2001


Securities and Exchange Commission
450 Fifth Street N.W.
Washington, D.C. 20549

Ladies and Gentlemen:

We have been furnished with a copy of the response to item 4 of Form 8-K for the
event that occurred on October 18, 2001 to be filed by our former client, Giant
Group, Ltd. We agree with the statements made in response to that Item insofar
as they relate to our Firm.

Very truly yours,

/s/ BDO Seidman, LLP

BDO Seidman, LLP