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CONSENT OF COUNSEL We consent to the reference to our Firm under the heading "Counsel and Independent Accountants" in Post-Effective Amendment No. 37 to the Registration Statement on Form N-1A of Short Term Income Fund as filed with the Securities and Exchange Commission on December 28, 2000. PAUL, HASTINGS, JANOFSKY & WALKER LLP /S/ Paul, Hastings, Janofsky & Walker LLP New York, New York December 28, 2000
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