CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
We consent to the references to our firm in the Post-Effective Amendment to the
Registration Statement on Form N-1A of California Investment Trust and
California Investment Trust II and to the use of our report dated September 29,
2000 on the financial statements and financial highlights of California Tax-Free
Income Fund, California Insured Intermediate Fund and California Tax-Free Money
Market Fund, each a series of shares of California Investment Trust and of S&P
500 Index Fund, S&P SmallCap Index Fund, Equity Income Fund, S&P MidCap Index
Fund, the United States Treasury Trust, U.S. Government Securities Fund,
European Growth & Income Fund, Nasdaq-100 Index Fund and Short-Term U.S.
Government Bond Fund, each a series of shares of beneficial interest of
California Investment Trust II. Such financial statements and financial
highlights appear in the 2000 Annual Report to Shareholders which are
incorporated by reference in the Registration Statement and Prospectus.
TAIT, WELLER & BAKER
PHILADELPHIA, PENNSYLVANIA
DECEMBER 22, 2000
