Woods, a three-time winner this season, finished 54 holes at 17-under 199. He has won 15 straight events, and 26 of the last 27 times, when holding at least a share of the 54-hole lead.
Letzig, who led most of the back nine Saturday, hit a poor bunker shot on the 18th and closed with a double-bogey. He wound up with a 4-under 68 for the day and 16-under 200 for the tournament.
Second-round leader John Senden (71) is third at 15-under 201.
Woods sank a 33-foot birdie putt at the par-3 17th to join Letzig at 17-under.
Woods played out of a bunker on his final hole of the day.
Copyright 2009 by United Press International.
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