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


Report of Independent Registered Public Accounting Firm


The Shareholders and Board of Directors of
Managed Municipals Portfolio Inc.:

In planning and performing our audit of the financial statements of the
Managed Municipals Portfolio Inc. ("Fund") for the year ended May 31, 2005,
we considered its internal control, including control activities for
safeguarding securities, in order to determine our auditing procedures for
the purpose of expressing our opinion on the financial statements and to
comply with the requirements of Form N-SAR, not to provide assurance on
internal control.

The management of the Fund is responsible for establishing and maintaining
internal control.  In fulfilling this responsibility, estimates and judgments
by management are required to assess the expected benefits and related costs
of controls.  Generally, controls that are relevant to an audit pertain to
the entity's objective of preparing financial statements for external
purposes that are fairly presented in conformity with U.S. generally accepted
accounting principles. Those controls include the safeguarding of assets
against unauthorized acquisition, use, or disposition.

Because of inherent limitations in internal control, error or fraud may
occur and not be detected.  Also, projection of any evaluation of internal
control to future periods is subject to the risk that it may become inadequate
because of changes in conditions or that the effectiveness of the design
and operation may deteriorate.

Our consideration of internal control would not necessarily disclose all
matters in internal control that might be material weaknesses under the
standards established by the Public Company Accounting Oversight Board
(United States).  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. However, we noted no matters
involving internal control and its operation, including controls for
safeguarding securities, that we consider to be material weaknesses as
defined above as of May 31, 2005.

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



								KPMG LLP
New York, New York
July 22, 2005
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</DOCUMENT>
