Ernst & Young LLP
Two Commerce Square
Suite 4000
2001 Market Street
Philadelphia, Pennsylvania 19103-7096
Phone 215-448-5000
Fax 215-448-4069
Consent of Ernst & Young LLP, Independent Auditors
We consent to the reference to our firm under the caption "General Information
in the Statement of Additional Information and to the incorporation by
reference in Post-Effective Amendment Number 20 to the Registration Statement
Number 811-04933 (Form N1A) of our report dated April 28, 2000 on the financial
statements and financial highlights of the Commonwealth Cash Reserve Fund, Inc.
for the year ended March 31, 2000, included in the 2000 Annual Report to
Shareholders.
/s/ Ernst & Young LLP
Ernst & Young LLP
Philadelphia, Pennsylvania
July 25, 2000
