JONES, JENSEN
                                 & COMPANY, LLC
                                 --------------
                  CERTFIED PUBLIC ACCOUNTANTS AND CONSULTANTS


September 20, 1999


Securities and Exchange Commission
450 Fifty Street, NW
Washington, DC 20549

Ladies and Gentlemen:

We were previously the independent accountants for Euro Trade & Forfaiting, Inc.
(formerly  Rotunda Oil and Mining,  Inc.) and on February 5, 1999 we reported on
the financial statements of Euro Trade & Forfaiting,  Inc. (formerly Rotunda Oil
and Mining, Inc.)

We have read Euro Trade & Forfaiting,  Inc.'s (formerly  Rotunda Oil and Mining,
Inc.) statements included under item 14 of its Form 10 dated September 21, 1999,
and we agree with such statements except for the following:

         o    1st  paragraph of Item 14, we have no knowledge as to Marc Lumer &
              Company of Andrew Murray & Company, new independent accountants or
              to any other  representations  about and for Marc  Lumer & Company
              and Andrew Murray & Company.

         o    2nd  paragraph of Item 14, our report  dated  February 5, 1999 was
              modified as to going concern.


Very truly yours,
/s/ Jones, Jensen & Company
Jones, Jensen & Company
Salt Lake City, Utah