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CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in the Proxy Statement/
Prospectus and Statement of Additional Information constituting parts of this
Registration Statement on Form N-14 (the "Registration Statement") of our report
dated July 20, 2000 relating to the financial statements and financial
highlights of Scudder Managed Municipal Bonds appearing in the May 31, 2000
Annual Report to Shareholders, which is also incorporated by reference into the
Registration Statement. We further consent to the reference to us under the
heading "Auditors" in the Registration Statement. We also consent to the
references to us under the headings "Administrative Fees" and "Independent
Accountants and Reports to Shareholders" in the Statement of Additional
Information of Scudder Managed Municipal Bonds dated December 29, 2000 which is
incorporated by reference into the Registration Statement.
PricewaterhouseCoopers LLP
Boston, Massachusetts
December 28, 2000
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CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference of our report dated November 20,
2000, for Kemper Municipal Bond Fund in the Registration Statement (Form N-14)
and related Proxy Statement/Prospectus of Scudder Municipal Trust filed with the
Securities and Exchange Commission under the Securities Act of 1933.
ERNST & YOUNG LLP
Chicago, Illinois
January 5, 2001
