Exhibit 99. ACCT
10-10-19

Changes in Registrant's Independent Public Accountant
SMALL CAP VALUE FUND, INC.

The Board of Directors appointed Turner, Stone & Co., as
the independent registered public accounting
firm of the Fund for the Fund's current fiscal year ending
December 2018.

Effective March 15, 2018, the Prior Auditor resigned as
the independent registered public accounting
firm.  The Prior Auditor's report on the financial statements
of the Fund for the past two years did not
contain an adverse opinion or disclaimer of opinion, and
was not qualified or modified as to uncertainty,
audit scope or accounting principles.  During the Predecessor
Fund's two most recent fiscal years and
through March 15, 2018, there were no 1) disagreements with
the Prior Auditor on any matter  of
accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which
disagreements, if not resolved to the Prior Auditor's
satisfaction, would have caused it to make
reference to that matter in connection with its report;
or 2) 'reportable events, as that term is defined
in Item 304(a)(1)(v) of Regulation S-K under the Securities
Exchange Act of 1934.

The Fund has requested that the Prior Auditor furnish it
with a letter addressed to the U.S. securities
and Exchange Commission stating whether or not it agrees
 with the above statements.  A copy of such
letter, dated October 10, 2019 is Attached as Attachment
A to this exhibit.

Attachment A

October 10, 2019
Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549

Ladies and Gentlemen:
We have read Exhibit 99.ACCT of Form N-CSR dated October 10,
2019 of Small Cap Value Fund, Inc. and
are in agreement with the statements contained in the second
paragraph of Exhbit 99.ACCT.  We have
no basis to agree or disagree with other statements of the
registrant contained therein.

/s/ PMB Helin Donovan