BellBoyd & Lloyd LLC THREE FIRST NATIONAL PLAZA
70 WEST MADISON STREET, SUITE 3300
CHICAGO, ILLINOIS 60602-4207
312.372.1121 FAX 312.372-2098
CAMERON S. AVERY
DIRECT DIAL: 312 807-4302 OFFICES IN CHICAGO AND WASHINGTON, D.C.
[email protected]
October 24, 2000
As counsel for Liberty-Stein Roe Funds Municipal Trust (the "Trust"), we consent
to the incorporation by reference of our opinions relating to the respective
series of the Trust filed as the following exhibits to the following
post-effective amendments ("PEAs") to the Trust's registration statement on Form
N-1A, Securities Act File No. 2-99356:
<TABLE>
<CAPTION>
Exhibit
Date of Date of to PEA
Series Opinion Filing No. No.
------ ------- ------ --- ---
<S> <C> <C> <C> <C> <C>
SteinRoe High-Yield Municipals
(now named Stein Roe High-Yield
Municipals Fund) 12/20/87 08/30/96 10 21
SteinRoe Intermediate Municipals
(now named Stein Roe Intermediate
Municipals Fund) 12/20/87 08/30/96 10 21
SteinRoe Managed Municipals (now
named Stein Roe Managed Municipals
Fund) 12/20/87 08/30/96 10 21
SteinRoe Tax-Exempt Money Fund (now
named Stein Roe Municipal Money
Market Fund) 12/20/87 08/30/96 10 21
SteinRoe Intermediate Municipals, Inc.
(now named Stein Roe Intermediate
Municipals Fund) 07/23/85* 08/30/96 11(a) 21
-----------------------
*Opinion regarding standby commitments
</TABLE>
In giving this consent we do not admit that we are in the category of persons
whose consent is required under Section 7 of the Securities Act of 1933.
Very truly yours,
BELL, BOYD & LLOYD LLC
By /s/Cameron S. Avery
Cameron S. Avery
