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EXHIBIT j(1)
CONSENT OF COUNSEL
TAX-FREE INVESTMENTS CO.
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We hereby consent to the use of our name and to the reference to our
firm under the caption "General Information About the Company - Legal Matters"
in the Statement of Additional Information for the Cash Reserve Portfolio, which
is included in Post-Effective Amendment No. 30 to the Registration Statement
under the Securities Act of 1933, as amended (No. 2-58286), and Amendment No. 31
to the Registration Statement under the Investment Company Act of 1940, as
amended (No. 811-2731), on Form N-1A of Tax-Free Investments Co.
/s/ BALLARD SPAHR ANDREWS & INGERSOLL, LLP
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Ballard Spahr Andrews & Ingersoll, LLP
Philadelphia, Pennsylvania
July 24, 2000
