MORGAN KEEGAN SELECT FUND INC
485BPOS, EX-99.(J), 2000-08-25
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                                                                     Exhibit (j)










                          Independent Auditors' Consent

The Board of Directors and  Shareholders of Morgan Keegan Select  Financial Fund
(a fund within the Morgan Keegan Select Fund, Inc.):

We consent to the  reference  to our firm under the  caption  "Certified  Public
Accountants" in the Statement of Additional Information.

                                                     KPMG LLP


Memphis, Tennessee
August 25, 2000




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