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<PAGE>
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
-----------------------------------------
As Independent Public Accountants, we hereby consent to the incorporation by
reference in this Form N-14 of our report dated December 14, 1999 included in
Schroder Series Trust's annual report for the year ending October 31, 1999.
ARTHUR ANDERSEN LLP
New York, New York
June 2, 2000
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