EXHIBIT (J)

                         CONSENT OF INDEPENDENT AUDITORS



We  consent  to  the  reference  to  our  firm  under  the  captions  "Financial
Highlights" and "Independent  Auditors and Reports to  Shareholders"  and to the
use of our report dated June 5, 2000,  which is  incorporated  by reference,  in
this Registration  Statement (Form N-1A No.333-14527) of National Investors Cash
Management Fund, Inc.




                                                              ERNST & YOUNG LLP

New York, New York
August 28, 2000



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