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<PAGE> Exhibit 23.2 [LETTERHEAD OF JONES, DAY, REAVIS & POGUE] June 30, 2000 We hereby consent to the reference to our firm under the caption "Legal Opinion" in Post-Effective Amendment No. 2 to the Registration Statement of the Nasdaq-100 Trust(sm), Series 1. /s/ JONES, DAY, REAVIS & POGUE Jones, Day, Reavis & Pogue
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