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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000950117-01-000734.txt : 20010410
<SEC-HEADER>0000950117-01-000734.hdr.sgml : 20010410
ACCESSION NUMBER:		0000950117-01-000734
CONFORMED SUBMISSION TYPE:	UNDER
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20010406

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COHEN & STEERS TOTAL RETURN REALTY FUND INC
		CENTRAL INDEX KEY:			0000891290
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		UNDER
		SEC ACT:		
		SEC FILE NUMBER:	333-56510
		FILM NUMBER:		1597208

	BUSINESS ADDRESS:	
		STREET 1:		C/O MERRILL LYNCH ASSET MANAGEMENT
		STREET 2:		800 SCUDDERS MILL RD
		CITY:			PLAINSBORO
		STATE:			NJ
		ZIP:			08536
		BUSINESS PHONE:		6092822116

	MAIL ADDRESS:	
		STREET 1:		C/O MERRILL LYNCH ASSET MANAGEMENT
		STREET 2:		800 SCUDDERS MILL RD
		CITY:			PLAINSBORO
		STATE:			NJ
		ZIP:			08536

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COHEN & STEERS OPPORTUNITY TRUST INC
		DATE OF NAME CHANGE:	19930714
</SEC-HEADER>
<DOCUMENT>
<TYPE>UNDER
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>COHEN & STEERS TOTAL RETURN REALTY FUND
<TEXT>




<PAGE>

                          [Simpson Thacher & Bartlett]

                                              April 6, 2001


              Re:      Cohen & Steers Total Return Realty Fund, Inc.
                       Registration Statement on Form N-14
                       (File No. 333-56510)

Keith O' Connell
U.S. Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549-0305
Dear Mr. O' Connell:

     In accordance with our discussion today, on behalf of Cohen & Steers Total
Return Realty Fund, Inc. (the "Company") we hereby provide the following
information in connection with the above referenced Registration Statement filed
with the U.S. Securities and Exchanges Commission on April 2, 2001.

     As a third undertaking, the Company hereby agrees to file, by
post-effective amendment, an opinion of counsel as to certain tax matters with
respect to the Reorganization (as defined in the Agreement and Plan of
Reorganization, dated March 30, 2001, between the Company and Cohen & Steers
Realty Income Fund, Inc., which was previously filed with the Commission as a
part of the above referenced Registration Statement) within a reasonable time
after receipt of such opinion.

     This undertaking should be viewed as Undertaking No. 3 to Item 17 of Part C
of the above referenced Registration Statement

     If you have any questions regarding the Registration Statement or any other
matter, please do not hesitate to call me at 212-455-2204.


                                                              Very truly yours,
                                                              /s/ Michael Shim
                                                              Michael Shim

cc: Lawrence B. Stoller, Esq.

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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