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<PAGE> CONSENT OF INDEPENDENT AUDITORS We hereby consent to the use of our report dated July 23, 1999 on the 1999 financial statements of the Government Reserves Portfolio and the Treasury Reserves Portfolio, series of Alliance Government Reserves referred to therein in its Post-Effective Amendment to the Registration Statement on Form N-1A as filed with the Securities and Exchange Commission. McGladrey & Pullen, LLP New York, New York October 24, 2000 00250083.AJ5
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