Exhibit (j) under Form N-1A
                                             Exhibit (23) under Item 601/Reg.S-K


                CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS

     We  consent to the  references  to our firm  under the  caption  "Financial
Highlights"  in the Prospectus  and  "Independent  Auditors" in the Statement of
Additional  Information and to the use of our report dated June 13, 2000, in the
Post-Effective  Amendment Number 42 to the Registration Statement (Form N-1A No.
33-31602) of the U.S. Treasury Cash Reserve Fund dated June 30, 2000.

ERNST & YOUNG LLP


Boston, Massachusetts
June 26, 2000



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