<PAGE> 1
Exhibit 23(i)(1)
June 30, 2000
American Independence Funds Trust
105 North Main Street
Box One
Wichita, Kansas 67202
Re: American Independence Funds Trust
(Registration No. 333-00447)
Dear Sirs:
As counsel to the NestEgg Funds and Money Market Fund of the American
Independence Funds Trust (the "Trust"), we have reviewed Post-Effective
Amendment No. 17 to the Trust's Registration Statement on Form N-1A (the
"Amendment"). The Amendment is being filed pursuant to Rule 485 of the 1933 Act
and it is proposed that it will become effective immediately upon filing
pursuant to paragraph (b).
Based upon our review, we advise you that the Amendment does not
include disclosure which we believe would render it ineligible to become
effective under paragraph (b) of Rule 485.
It is our opinion that the securities being registered will when sold,
be legally issued, fully paid and non-assessable. We hereby consent to the
filing of this opinion as an exhibit to Post-Effective Amendment No. 17 and
consent to the reference to our firm as Counsel in Post-Effective Amendment No.
17 to Registration No. 333-00447.
Very truly yours,
Paul, Weiss, Rifkind, Wharton & Garrison
