EXHIBIT (14) Consent of Independent Auditors We consent to the reference to our firm under the caption "Financial Statements and Experts" in the Prospectus/Proxy Statement and to the incorporation by reference of our report dated November 16, 2001 in the Registration Statement (Form N-14) and related Statement of Additional Information of First American Investment Funds, Inc., filed with the Securities and Exchange Commission in this Registration Statement on Form N-14. /s/Ernst & Young LLP Minneapolis, Minnesota February 22, 2002