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CONSENT OF INDEPENDENT AUDITORS
We consent to the reference to our firm under the captions "Financial
Highlights" and "Additional Information" in the Prospectus for EquiTrust
Money Market Fund, Inc. in Part A and "Other Information -- Independent
Auditors" in Part B and to the incorporation by reference of our report dated
August 31, 2000 on the financial statements and financial highlights of
EquiTrust Money Market Fund, Inc. in Post Effective Amendment No. 21 to Form
N-1A Registration Statement under the Securities Act of 1933 (No. 2-70162) and
related Prospectus of EquiTrust Money Market Fund, Inc.
/s/ Ernst & Young LLP
Des Moines, Iowa
November 27, 2000
