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CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in this
Registration Statement on Form N-1A of our report dated May 26,
2000, relating to the financial statements and financial
highlights which appears in the April 30, 2000 Annual Report to
Shareholders of Alliance Institutional Reserves, Inc. which is
also incorporated by reference into the Registration Statement.
We also consent to the references to us under the headings
"Financial Highlights", "Accountants", and "Financial Statements
and Report of Independent Accountants" in such Registration
Statement.
PricewaterhouseCoopers LLP
New York, New York
August 25, 2000
00250072.AZ6
