<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>2
<FILENAME>fcctrb77b.txt
<TEXT>
             Report of Independent Registered Public Accounting Firm


To the Board of Directors and Shareholders of
Flaherty & Crumrine/Claymore Total Return Fund Incorporated:

In planning and performing our audit of the financial statements of
Flaherty & Crumrine/Claymore Total Return Fund Incorporated as of and
for the year ended November 30, 2006, 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 Flaherty & Crumrine/Claymore Total Return Fund
Incorporated's internal control over financial reporting. Accordingly,
we express no such opinion.

The management of Flaherty & Crumrine/Claymore Total Return Fund
Incorporated 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 U.S. generally accepted
accounting principles. 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 its 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 external financial data reliably in
accordance with U.S. generally accepted accounting principles
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.

Our consideration of Flaherty & Crumrine/Claymore Total Return
Fund Incorporated'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 Flaherty & Crumrine/Claymore Total Return
Fund Incorporated's internal control over financial reporting '
and its operation, including controls for safeguarding securities,
that we considered to be a material weakness as defined above
as of November 30, 2006.

This report is intended solely for the information and use of
management and the Board of Directors of Flaherty & Crumrine/
Claymore Total Return Fund Incorporated and the Securities
and Exchange Commission and is not intended to be and should
not be used by anyone other than these specified parties.


/s/KPMG LLP

Boston, Massachusetts
January 17, 2007






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