INVESTORS CASH TRUST, 485BPOS, EX-99.J, 2000-08-01

INVESTORS CASH TRUST
485BPOS, EX-99.J, 2000-08-01

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                         CONSENT OF INDEPENDENT AUDITORS


We  consent  to  the  reference  to  our  firm  under  the  captions  "Financial
Highlights" and "Independent  Auditors and Reports to  Shareholders"  and to the
use of our report dated May 9, 2000, in the Registration  Statement of Investors
Cash  Trust on Form  N-1A and its  incorporation  by  reference  in the  related
Prospectus   filed  with  the  Securities   and  Exchange   Commission  in  this
Post-Effective  Amendment  No.  19  to  the  Registration  Statement  under  the
Securities  Act of 1933  (File  33-34645)  and in this  Amendment  No. 21 to the
Registration  Statement  under  the  Investment  Company  Act of 1940  (File No.
811-6103).




                                                         ERNST & YOUNG LLP
Chicago, Illinois
July 31, 2000