I enjoyed reading the article about the sale and relocation of Western Presbyterian Church to make room for expansion of the International Monetary Fund headquarters {Business, Dec. 24}. I am mentioned in the article as opposing the move. This is why.

Western Presbyterian Church has 134 members. In 1989 the membership decreased by two. The congregation is an older one -- 50 percent to 60 percent of the members are in their seventies. Attendance for the four Sundays in August 1989 was 344, and in August 1990 it was 296, a decrease of 48. The average weekly attendance is 115. To spend $20 million for land and buildings at the new church site at 2401 Virginia Ave. NW across from Watergate is ecclesiastical economic insanity.

Western Presbyterian is feeding 200 homeless people each morning. However, the funds come not from its congregation but from other churches, corporations and individuals. Any church in Foggy Bottom could take over this ministry. In fact, there is a food and medical program in Foggy Bottom near Watergate run by the Seed Ministry.

The congregation should disband and join either of two Presbyterian churches -- New York Avenue, which is eight blocks away, or Church of the Pilgrims, which is nine blocks away -- and help them survive. Or if it does not want to disband, it could buy a large house like the Church of the Savior on Massachusetts Avenue NW, which has a chapel that seats 100, a small dining room, classrooms and offices.

The pastor and the congregation do not need a $9 million structure to carry on the work of Jesus. They have been subsidized by the Presbytery for years, and their utility and maintenance costs are expected to go up $30,000 a year because their new building will be air conditioned.

Even though the IMF and church properties have been exchanged, it is not too late for Western to sell the property on Virginia Avenue for $10 million. It already has a $4 million endowment fund from the IMF on which it is getting interest. It could ask the IMF for the $10 million that it will cost to relocate the church. Then it would have an endowment of $24 million.

The congregation should set up an endowment with the money from the IMF and the land sale and use the interest on this money, which would be $1.5 million to $2 million each year, to help the Christian church in the Third World in church planting, Christian education and economic development.

ROBERT N. MEYERS President, Christian Service Corps Silver Spring