Exhibit 16


Cordovano and Honeck LLP                           Certified Public Accountants
                                                               201 Steele Street
                                                                       Suite 300
                                                          Denver, Colorado 80206
                                                           (303) 329-0220  Phone
                                                              (303) 316-7493 Fax
________________________________________________________________________________



                                December 29, 2005


Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC
USA  20549

Dear Sir and/or Madam:

Re:  Investment Associates, Inc.

We have read the statements made by Investment Associates, Inc. (the
"Registrant"), which we understand will be filed with the Commission, pursuant
to Item 4 of Form 8-K, as amended, as part of the Registrant's Form 8-K/A report
dated December 29, 2005 and are in agreement with the statements concerning our
Firm in such Form 8-K/A.

We also have no basis to agree or disagree with the Company's statements
regarding Williams & Webster, P.S.

Sincerely,



/s/ Cordovano and Honeck LLP
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Cordovano and Honeck LLP