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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 reports dated September 15, 2000, relating to the
financial statements and financial highlights which appear in the July 31, 2000
Annual Reports to the Trustees and Shareholders of J.P. Morgan Emerging Markets
Debt Fund, J.P. Morgan Tax Exempt Bond Fund and J.P. Morgan New York Tax Exempt
Bond Fund, which are also incorporated by reference into the Registration
Statement. We also consent to the references to us under the headings
"Independent Accountants", "Financial Statements" and "Financial Highlights" in
such Registration Statement.
PricewaterhouseCoopers LLP
New York, New York
November 28, 2000
