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<PAGE>
ARTHUR ANDERSEN
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the use of our report
dated April 14, 2000, and to all references to our Firm included in or made a
part of this registration statement of Nuveen Municipal Money Market Fund, Inc.
(formerly Nuveen Tax-Free Reserves, Inc.).
/s/ Arthur Andersen LLP
-----------------------------
ARTHUR ANDERSEN LLP
Chicago, Illinois
June 23, 2000
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