<PAGE> 1
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the use in this Registration Statement on Form N-1A of our
reports dated October 2, 2000, relating to the financial statements of the
Merrill Lynch Total Return Bond Fund and Total Return Bond Master Portfolio,
which appear in such Registration Statement. We also consent to the reference
to us under the heading "Additional Information -- Independent Auditors" in
such Registration Statement.
/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
Milwaukee, Wisconsin
October 2, 2000
<PAGE> 2
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the use in this Registration Statement on Form N-1A of our
reports dated October 2, 2000, relating to the financial statements of the
Merrill Lynch Low Duration Fund and Low Duration Master Portfolio, which appear
in such Registration Statement. We also consent to the reference to us under
the heading "Additional Information - Independent Auditors" in such
Registration Statement.
/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
Milwaukee, Wisconsin
October 2, 2000
