LIBERTY STEIN ROE FUNDS INCOME TRUST
485BPOS, EX-99.(I)(4), 2000-07-14
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                                            July 13, 2000



         As counsel for Liberty-Stein  Roe Funds Income 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. 33-02633:


<TABLE>
                                                                                                 Exhibit
                                                        Date of          Date of                        to PEA
               Series                                   Opinion           Filing              No.          No.
               ------                                   -------           ------              ---          ---
<S>                                                   <C>               <C>                <C>            <C>
SteinRoe Cash Reserves (now named
     Stein Roe Cash Reserves Fund)                    12/10/87          08/16/96           10(b)          29
 SteinRoe Income Fund (now named
     Stein Roe Income Fund)                           12/20/87          08/16/96           10(b)          29
Stein Roe Intermediate Bond Fund
     (now named Stein Roe Intermediate
     Bond Fund)                                       12/20/87          08/16/96           10(b)          29
Stein Roe High Yield Fund                             10/25/96          10/28/96           10(c)          30
</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.

                                            /s/ Bell Boyd & Lloyd LLC





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