CONSENT OF INDEPENDENT ACCOUNTANTS


We hereby consent to the incorporation by reference in this Registration
Statement on Form N-1A of our report dated October 20, 2003, relating to the
financial statements and financial highlights, which appear in the August 31,
2003 Annual Report to Shareholders of JPMorgan Prime Money Market Fund, JPMorgan
U.S. Government Money Market Fund, JPMorgan Treasury Plus Money Market Fund,
JPMorgan Federal Money Market Fund, JPMorgan 100% U.S. Treasury Securities Money
Market Fund, JPMorgan Tax Free Money Market Fund, JPMorgan California Tax Free
Money Market Fund, JPMorgan New York Tax Free Money Market Fund and JPMorgan
Liquid Assets Money Market Fund, which are also incorporated by reference into
the Registration Statement. We also consent to the references to us under the
headings "Financial Highlights," "Financial Statements" and "Independent
Accountants" in such Registration Statement.






New York, New York
December 23, 2003