EXHIBIT 99.14


                         Independent Auditors' Consent



To the Shareholders and Board of Directors of
Smith Barney World Funds, Inc.,

We consent to the references to our firm under the headings "Synopsis" and
"Representations and Warranties" with respect to the Smith Barney Pacific
Portfolio of Smith Barney World Funds, Inc. in the Proxy Statement/Prospectus.


                                             /s/ KPMG LLP
                                             KPMG LLP


New York, New York
September 15, 2000



                        CONSENT OF INDEPENDENT AUDITORS



We consent to the reference to our firm under the caption "Synopsis" and to the
use of our report dated December 15, 1999, which is incorporated by reference,
in this Registration Statement filed on Form N-14 on September 18, 2000 of Smith
Barney Investment Series (formerly, Concert Investment Series).



                                                         /s/ ERNST & YOUNG LLP
                                                         ERNST & YOUNG LLP


New York, New York
September 13, 2000