CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS
We consent to the references to our firm under the captions "Financial
Highlights" for Liberty Intermediate Bond Fund (formerly, Stein Roe Advisor
Intermediate Bond Fund) and Stein Roe Advisor High-Yield Municipals Fund (two of
the series comprising Liberty-Stein Roe Advisor Trust, formerly, Stein Roe
Advisor Trust) in the Stein Roe Advisor Bond Funds Prospectus and "Independent
Auditors" and "Financial Statements" in the Liberty-Stein Roe Advisor Trust
Statement of Additional Information and to the incorporation by reference in
Post-Effective Amendment Number 14 to the Registration Statement (Form N-1A, No.
333-17255) of our reports dated August 18, 2000 on the financial statements and
financial highlights of Liberty Intermediate Bond Fund and Stein Roe Advisor
High-Yield Municipals Fund (two of the series comprising Liberty-Stein Roe
Advisor Trust) and SR&F Intermediate Bond Portfolio and SR&F High-Yield
Municipals Portfolio (two of the series comprising SR&F Base Trust) included in
the Stein Roe Advisor Funds Annual Reports dated June 30, 2000.
ERNST & YOUNG LLP
Boston, Massachusetts
October 24, 2000
