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Independent Auditors' Consent To The Board of Trustees and Shareholders Aquila Cascadia Equity Fund: We consent to the use of our report dated May 2, 2000 with respect to Aquila Cascadia Equity Fund included herein and to the references to our Firm under the headings "Financial Highlights" in the Prospectus and "Financial Statements" and "Transfer Agent, Custodian and Auditors" in the Statement of Additional Information. KPMG LLP /s/KPMG LLP New York, New York July 11, 2000
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