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<PAGE> Exhibit 99.12c [LETTERHEAD OF ROPES & GRAY] July 14, 2000 North American Funds 286 Congress Street Boston, MA 02210 Ladies and Gentlemen: We hereby consent to the filing as exhibits to your Registration Statement on Form N-14 (File No. 333-32592) of our two opinions, each dated July 7, 2000 and each addressed to you, as to certain tax matters related to the transactions carried out pursuant to such Registration Statement. Very truly yours, /s/ Ropes & Gray Ropes & Gray
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