CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in this Post-Effective
Amendment No. 1 to the registration statement on Form N-2 (the "Registration
Statement") of our report dated October 25, 2000, relating to the financial
statements and financial highlights appearing in the August 31, 2000 Annual
Report to Shareholders of Liberty-Stein Roe Institutional Floating Rate Income
Fund, which are also incorporated by reference into the Registration Statement.
We also consent to the references to us under the headings "Financial
Highlights" and "Independent Accountants" in such Registration Statement.
PricewaterhouseCoopers LLP
Boston, Massachusetts
December 22, 2000
