Independent Auditors' Consent
To the Shareholders and Board of Directors of
Managed Municipals Portfolio II Inc.:
We consent to the incorporation by reference, in this Prospectus and
Statement of Additional Information, of our report dated October 15,
2000, on the statement of assets and liabilities for the Managed
Municipals Portfolio II Inc. as of August 31, 2000 and the related
statement of operations for the year then ended, the statements of
changes in net assets for each of the years in the two-year period
then ended and the financial highlights for each of the years in the
five-year period then ended. These financial statements and financial
highlights and our report thereon are included in the Annual Report of
the Fund as filed on Form N-30D.
We also consent to the references to our firm under the headings
"Financial Highlights" and "Independent Auditors" in the Prospectus
and "Independent Public Accountants" in the Statement of Additional
Information.
KPMG LLP
New York, New York
November 22, 2000
