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Exhibit 10
CONSENT OF INDEPENDENT AUDITORS
We consent to the reference to our firm under the captions "Financial
Highlights" in the Prospectus and "Auditors" in the Statement of Additional
Information and to the incorporation by reference of our reports dated June 8,
2000 on Mitchell Hutchins LIR Select Money Fund, LIR Cash Reserves Fund and LIR
Liquid Assets Fund, in this Registration Statement (Form N-1A No. 333-52965) of
Mitchell Hutchins LIR Money Series.
/s/ ERNST & YOUNG LLP
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ERNST & YOUNG LLP
New York, New York
August 24, 2000
