<PAGE>
November 30, 2000
Boston, Massachusetts
Board of Trustees and Shareholders
Hewitt Series Trust
We consent to the use of our report dated February 11, 2000 on the statement of
assets and liabilities of Hewitt Institutional Money Market Fund (previously
known as the Institutional Shares of Hewitt Money Market Fund) as of December
31, 1999, and the related statements of operations, statements of changes in net
assets and financial highlights for each of the years of periods presented,
incorporated by reference in Post-Effective Amendment No. 4 to Registration
Statement (No. 333-59221) on Form N-1A under the Securities Act of 1933.
We also consent to the use of our report dated February 11, 2000 on the
statement of assets and liabilities of Money Market Master Portfolio (series of
Master Investment Portfolio) as of December 31, 1999, and the related statements
of operations and statements of changes on net assets for each of the years or
periods presented, incorporated by reference herein.
We consent also to the references to our firm under the headings "Financial
Highlights" in the Prospectus and "Independent Auditors" in the Statement of
Additional Information.
KPMG LLP
