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<PAGE>
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
-----------------------------------------
As independent public accountants, we hereby consent to the use of our report
dated August 23, 2000, and to all references to our firm included in or made a
part of this registration statement of Nuveen Dividend and Growth Fund (one of
the series constituting the Nuveen Taxable Funds Inc. (a Maryland
corporation)).
/s/ Arthur Andersen LLP
ARTHUR ANDERSEN LLP
Chicago, Illinois
October 25, 2000
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