CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in this Post-Effective
Amendment No. 68 to the registration statement on Form N-1A (the "Registration
Statement") of our reports dated November 12, 1999 and November 15, 1999,
relating to the financial statements and financial highlights which appear in
the September 30, 1999 Annual Reports to Shareholders of Stein Roe Capital
Opportunities Fund, Stein Roe Large Company Focus Fund, Stein Roe Small Company
Growth Fund and Stein Roe Midcap Growth Fund, which are also incorporated by
reference into the Registration Statement. We also consent to the references to
us under the headings "Financial Highlights" and "Independent Accountants" in
such Registration Statement. PricewaterhouseCoopers LLP Boston, Massachusetts
July 20, 2000
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the use of our reports
dated November 6, 1998 and November 16, 1998, and to all references to our Firm
included in or made a part of this Registration Statement on Form N-1A of the
Liberty-Stein Roe Funds Investment Trust (comprising the Stein Roe Special Fund
(now Stein Roe Disciplined Stock Fund), Stein Roe Capital Opportunities Fund,
Stein Roe Large Company Focus Fund, and Stein Roe Growth Opportunities Fund (now
Liberty Midcap Growth Fund)).
Arthur Andersen LLP
Chicago, Illinois
July 25, 2000
