ALLIANCE CAPITAL RESERVES, 485BPOS, EX-99.J(1), 2000-10-30

ALLIANCE CAPITAL RESERVES
485BPOS, EX-99.J(1), 2000-10-30

Previous: ALLIANCE CAPITAL RESERVES, 485BPOS, EX-99.I, 2000-10-30

Next: ALLIANCE CAPITAL RESERVES, 485BPOS, EX-99.J(2), 2000-10-30






<PAGE>









               CONSENT OF INDEPENDENT ACCOUNTANTS


         We hereby consent to the incorporation by reference in
this Registration Statement on Form N-1A of our reports dated
July 28, 2000, relating to the financial statements and financial
highlights which appear in the June 30, 2000 Annual Reports to
Shareholders of Alliance Capital Reserves Portfolio and Alliance
Money Reserves Portfolio, series of Alliance Capital Reserves
which are also incorporated by reference into the Registration
Statement.  We also consent to the references to us under the
headings "Financial Highlights", "Accountants", and "Financial
Statements and Report of Independent Accountants" in such
Registration Statement.






PricewaterhouseCoopers LLP

New York, New York
October 24, 2000





















00250122.AO6