<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>2
<FILENAME>aud.txt
<TEXT>

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM




Shareholders and Board of Directors
Cornerstone Strategic Value Fund, Inc.
New York, New York


In planning and performing our audits of the financial statements
of Cornerstone Strategic Value Fund, Inc., (the "Fund"), for the
period ended December 31, 2005, in accordance with the standards
of the Public Company Accounting Oversight Board (United States),
we considered its internal control over financial reporting,
including control activities for safeguarding securities, as a
basis for designing our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply
with the requirements of Form N-SAR, but not for the purpose of
expressing an opinion on the effectiveness of Fund's internal
control over financial reporting.  Accordingly, we express no
such opinion.

The management of the Fund is responsible for establishing and
maintaining effective internal control over financial reporting.
In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and
related costs of controls.   A company's internal control over
financial reporting is a process designed to provide reasonable
assurance regarding the reliability of financial reporting and
the preparation of financial statements for external purposes in
accordance with accounting principles generally accepted in the
United States of America.   Such internal control includes policies
and procedures that provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use
or disposition of a company's assets that could have a material
effect on the financial statements.

Because of inherent limitations, internal control over financial
reporting may not prevent or detect misstatements.   Also,
projections of any evaluation of effectiveness to future periods
are subject to the risk that controls may become inadequate because
of changes in conditions, or that the degree of compliance with the
policies or procedures may deteriorate.

A control deficiency exists when the design or operation of a
control does not allow management or employees, in the normal
course of performing their assigned functions, to prevent or
detect misstatements on a timely basis.   A significant deficiency
is a control deficiency, or combination of control deficiencies,
that adversely affects the company's ability to initiate, authorize,
record, process or report financial data reliably in accordance with
accounting principles generally accepted in the United States of
America such that there is more than a remote likelihood that a
misstatement of the company's annual or interim financial statements
that is more than inconsequential will not be prevented or detected.
A material weakness is a significant deficiency, or combination of
significant deficiencies, that results in more than a remote
likelihood that a material misstatement of the annual or interim
financial statements will not be prevented or detected.






Shareholders and Board of Directors
Cornerstone Strategic Value Fund, Inc.
Page Two





Our consideration of the Fund's internal control over financial
reporting was for the limited purpose described in the first
paragraph and would not necessarily disclose all deficiencies
in internal control that might be significant deficiencies or
material weaknesses under standards established by the Public
Company Accounting Oversight Board (United States).   However,
we noted no deficiencies in the Fund's internal control over
financial reporting and its operation, including controls for
safeguarding securities, which we consider to be material
weaknesses, as defined above, as of December 31, 2005.

This report is intended solely for the information and use
of management, Shareholders and Board of Directors of Cornerstone
Strategic Value Fund, Inc. and the Securities and Exchange
Commission, and is not intended to be and should not be used
by anyone other than these specified parties.





		TAIT, WELLER & BAKER LLP

Philadelphia, Pennsylvania
February 7, 2006













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