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<PAGE>
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
-----------------------------------------
As independent public accountants, we hereby consent to the use of our report
dated September 20, 2000, and to all references to our firm included in or made
a part of this registration statement of Nuveen Investment Trust II (comprising
the Nuveen Innovation Fund, Nuveen International Growth Fund and Nuveen
Rittenhouse Growth Fund).
ARTHUR ANDERSEN LLP
Chicago, Illinois
November 27, 2000
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