EXHIBIT 16 January 26, 2004 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Gentlemen: We have read Item 4 of Form 8-K dated January 26, 2004, of CytRx Corporation and are in agreement with the statements contained therein. Very truly yours, /s/ Ernst & Young LLP - --------------------- Ernst & Young LLP