PAINEWEBBER MASTER SERIES INC
485BPOS, EX-16, 2000-12-28
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                                                                  Exhibit No. 16

                                POWER OF ATTORNEY

         I, Brian M. Storms, Director and President (Chief Executive Officer) of
PaineWebber Cashfund, Inc., PaineWebber Financial Services Growth Fund Inc.,
PaineWebber Master Series, Inc., PaineWebber RMA Money Fund, Inc. and
PaineWebber RMA Tax-Free Fund, Inc. (each a "Corporation"), hereby constitute
and appoint Amy R. Doberman, Dianne E. O'Donnell, Keith A. Weller, Arthur J.
Brown, Elinor W. Gammon and Benjamin J. Haskin, and each of them singly, my true
and lawful attorneys, with full power to sign for me, in my name and in my
capacities as Director and as President (Chief Executive Officer) of each
Corporation, any amendments to the current registration statement of the
Corporation on Form N-1A (as filed with the Securities and Exchange Commission)
and all instruments necessary or desirable in connection therewith, and hereby
ratify and confirm my signature as it may be signed by said attorneys to these
registration statements, amendments to registration statements and other
instruments.

     SIGNATURE                      TITLE                          DATE

/S/ BRIAN M. STORMS         Director and President           November 13, 2000
-------------------        (Chief Executive Officer)
Brian M. Storms




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