SHORT TERM INCOME FUND INC
485BPOS, EX-99.I.1, 2000-12-28
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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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