<PAGE>
EXHIBIT 99.9
Brown, Wood, Ivey, Mitchell & Petty
One Liberty Plaza, New York, N.Y. 10006
212-349-7500
JOSEPH W. ARMBRUST, JR. PETER J. MICHEL SAN FRANCISCO OFFICE
GEORGE B. BOYLE HENRY F. MINNEROP ALCOA BUILDING
E. MICHAEL BRADLEY ROBERT L. MITCHELL ONE MARITIME PLAZA
WILLIAM E. CARTER RICHARD S. PETTY SAN FRANCISCO, CALIF. 94111
WILLIAM R. CARTER PAUL C. PRINGLE TELEPHONE: 415-398-3909
RICHARD CONWAY CASEY JOHN A. QUISENBERRY -----
PHILIP W. CLARK JOHN C. RICHARDSON TELEX: 127324
KENNETH T. COTE A. FRANCIS ROBINSON,JR. CABLE ADDRESS: BROWOODLAW
THOMAS D. CREAN RICHARD D. RUDDER
JOSEPH GUANDOLO HOMER D. SCHAAF
ROGER J. HAWKE NORMAN D. SLONAKER
J. COURTNEY IVEY THOMAS R. SMITH, JR.
CHARLES J. JOHNSON, JR. EDWARD P. TOLLEY, JR.
RALPH L. JONES SEDGWICK A. WARD
GEORGE R. LASHNITS KAREL WESTERLING
F. LEE LIEBOLT, JR. HOWARD W. WHITAKER, JR.
JAMES B. MAY MICHAEL G. WOLFSON
WALTER G. McNEIL
September 8, 1977
CMA Money Trust
One Liberty Plaza
165 Broadway
New York, New York 10006
Gentlemen:
We have acted as counsel for CMA Money Trust, a trust organized under
the laws of the Commonwealth of Massachusetts (the "Trust"), in connection with
the organization of the Trust, its registration as an open-end investment
company under the Investment Company Act of 1940 and the registration of
25,000,000 shares of its Shares of Beneficial Interest, par value $.10 per share
(the "Shares"), under the Securities Act of 1933 to be effected pursuant to a
registration statement on Form S-5 (File No. 2-59311), as amended (the
"Registration Statement").
As counsel for the Trust, we are familiar with the proceedings taken by
it in connection with the authorization, issuance and sale of the Shares. In
addition, we
<PAGE>
-2-
have examined and are familiar with the Declaration of Trust of the Trust, as
amended, the By-Laws of the Trust and such other documents as we have deemed
relevant to the matters referred to in this opinion.
Based upon the foregoing, we are of the opinion that the Shares, upon
issuance and sale in the manner referred to in the Registration Statement for
consideration not less than the par value thereof, will be legally issued, fully
paid and non-assessable Shares of Beneficial Interest of the Trust.
In rendering this opinion, we have relied as to all matters of
Massachusetts law upon the opinion of Messrs. Gaston Snow & Ely Bartlett dated
September 7, 1977 rendered to the Trust.
We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement and to the use of our name in the prospectus constituting
a part thereof.
Very truly yours,
/s/ Brown, Wood, Ivey, Mitchell & Petty
-2-
