<DOCUMENT>
<TYPE>EX-99.N.1
<SEQUENCE>3
<FILENAME>dex99n1.txt
<DESCRIPTION>INDEPENDENT AUDITORS CONSENT
<TEXT>
<PAGE>


                                                                     Exhibit n.1



                         Consent of Independent Auditors

To the Shareholders and Board of Directors of the
Managed Municipals Portfolio Inc.:

We consent to the incorporation by reference, in this Prospectus and Statement
of Additional Information, of our report dated July 9, 2001, on the statement of
assets and liabilities for the Managed Municipals Portfolio Inc. (the "Fund") as
of May 31, 2001, 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" in the Prospectus and "Experts" in the Statement of Additional
Information.


New York, New York
January 14, 2002

</TEXT>
</DOCUMENT>
