Law Offices of
Paul, Hastings, Janofsky & Walker LLP
A Limited Liability Partnership Including Professional Corporations
345 California Street
San Francisco, California 94104-2635
Telephone (415) 835-1600
Facsimile (415) 217-5333
Internet www.phjw.com
December 20, 2000
CCM Partners
44 Montgomery Street, Suite 2100
San Francisco, California 94104
Attn: Mr. Stephen C. Rogers
Re: California Investment Trust II (the "Registrant")
Ladies and Gentlemen:
We hereby consent to the continued use in the Registrant's
Registration Statement, until its withdrawal, of our opinion respecting the
legality of the shares of beneficial interest for the following series of
California Investment Trust II ("CIT II"): U.S. Government Securities Fund, The
United States Treasury Trust, S&P 500 Index Fund, S&P MidCap Index Fund, S&P
SmallCap Index Fund and Equity Income Fund, and of our prior opinion respecting
the legality of the shares of beneficial interest of the European Growth &
Income Fund, the Nasdaq-100 Index Fund and the Short-term U.S. Government Bond
Fund, all of which are also series of CIT II (collectively, the "Prior
Opinions").
The Prior Opinions were filed as an exhibit to Form 24F-2 filed with
the Commission on October 30, 1996 and an exhibit to Form N-1A filed with the
Commission on January 13, 2000.
Very truly yours,
Paul, Hastings, Janofsky & Walker LLP
