CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in this Registration
Statement on Form N-1A of our report dated June 19, 2000, relating to the
financial statements and financial highlights which appear in the May 31, 2000
Annual Report to Shareholders of Reserve Investment Fund and Government Reserve
Investment Fund (comprising Reserve Investment Funds, Inc.), which are also
incorporated by reference into the Registration Statement. We also consent to
the reference to us under the heading "Independent Accountants" in such
Registration Statement.
PricewaterhouseCoopers LLP
Baltimore, Maryland
September 27, 2000
