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CONSENT OF INDEPENDENT AUITORS We consent to the reference to our firm under the captions "Independent Auditors" and "Financial Highlights" and to the use of our report dated December 15, 1999, which is incorporated by reference, in this Registration Statement (Form N-1A, No. 33-11716) of Smith Barney Investment Series (formerly, Concert Investment Series). ERNST & YOUNG LLP New York, New York September 11, 2000
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