<PAGE>


                                                                    Exhibit (10)

                         CONSENT OF INDEPENDENT AUDITORS

We consent to the reference to our firm under the captions "Financial
Highlights" in the Prospectus and "Auditors" in the Statement of Additional
Information and to the incorporation by reference of our report dated August 24,
2000 in this Registration Statement (Form N-1A No. 2-78309) of PaineWebber RMA
Money Fund, Inc. (consisting of PaineWebber RMA Money Market Portfolio,
PaineWebber U.S. Government Portfolio and PaineWebber Retirement Money Fund).




                                                     /s/ ERNST & YOUNG LLP
                                                     ERNST & YOUNG LLP


New York, New York
August 25, 2000



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission