July 13, 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>
Exhibit
Date of Date of to PEA
Series Opinion Filing No. No.
------ ------- ------ --- ---
<S> <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
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.
/s/ Bell Boyd & Lloyd LLC
</TABLE>
