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<PAGE> EXHIBIT j(2) INDEPENDENT AUDITORS' CONSENT ----------------------------- The Board of Directors and Shareholders Tax-Free Investments Co.: We consent to the use of our report on the Cash Reserve Portfolio (a portfolio of Tax-Free Investments Co.) dated May 1, 2000 included herein and the references to our firm under the headings "Financial Highlights" in the Prospectuses and "Reports" in the Statement of Additional Information. /s/ KPMG LLP KPMG LLP Houston, Texas July 26, 2000
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