NUVEEN MUNICIAPAL TRUST, N-14/A, EX-99.14, 2000-09-06

NUVEEN MUNICIAPAL TRUST
N-14/A, EX-99.14, 2000-09-06

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                                                                      Exhibit 14


                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS


As independent public accountants, we hereby consent to the use of our report
dated June 20, 2000, and to all references to our firm included in or made a
part of this registration statement on Form N-14 of Nuveen Flagship Municipal
Trust (comprising the Nuveen Intermediate Duration Municipal Bond Fund, Nuveen
Insured Municipal Bond Fund, Nuveen Flagship All-American Municipal Bond Fund,
Nuveen Flagship Intermediate Municipal Bond Fund, Nuveen Limited Term Municipal
Bond Fund and Nuveen High Yield Municipal Bond Fund).



ARTHUR ANDERSEN LLP


Chicago, Illinois
September 1, 2000