To the Editor: Your Oct. 16 piece ?Couch Talk? was particularly well timed. Earlier this month, the New York Times covered a scientific study that proved Woody Allen was right about the efficacy of talk therapy. Those of us who have seen how psychoanalysis has reduced anxiety in our patients were thrilled to see fact-based support for talk therapy appear in the Journal of the American Medical Association. Your listing of institutions offering psychoanalysis was also well timed, in light of widespread anxiety over the world economy. I would like to bring to readers? attention the Center for Modern Psychoanalytic Studies, which has been training analysts and providing low-cost psychoanalytic treatment for 35 years. The center, at 16 W. 10th St., brings together the best of traditional Freudian analysis with treatment modalities more suited to the modern world. Theodore Laquercia President, Society of Modern Psychoanalysts Letters have been edited for clarity, style and brevity.