Exhibit 14(b)
                        Independent Auditors' Consent 
    

   
To the Shareholders and Board of Directors 
 The Hanover Funds, Inc. 
    

   
We consent to the use of our report dated January 19, 1996 with respect to 
the financial statements and financial highlights of the following portfolios 
of The Hanover Funds, Inc. incorporated herein by reference: 
    

   
(bullet) The 100% U.S. Treasury Securities Money Market Fund--the statement 
of assets and liabilities as of November 30, 1995 and the related statements 
of operations for the year then ended, changes in net assets for the two 
years then ended and financial highlights for the four years then ended and 
for the period from July 1, 1991 (commencement of operations) to November 
30,1991; 
    

   
(bullet) The U.S. Treasury Money Market Fund--the statement of assets and 
liabilities as of November 30, 1995 and the related statements of operations 
for the year then ended, changes in net assets for the two years then ended 
and financial highlights for the three years then ended and for the period 
from October 1, 1992 (commencement of operations) to November 30, 1992; 
    

   
(bullet) The Government Money Market Fund--the statement of assets and 
liabilities as of November 30, 1995 and the related statements of operations 
for the year then ended, changes in net assets for the two years then ended 
and financial highlights for the five years then ended; 
    

   
(bullet) The Cash Management Fund--the statement of assets and liabilities as 
of November 30, 1995 and the related statements of operations for the year 
then ended, changes in net assets for the two years then ended and financial 
highlights for the five years then ended; 
    

   
(bullet) The Tax Free Money Market Fund--the statement of assets and 
liabilities as of November 30, 1995 and the related statements of operations 
for the year then ended, changes in net assets for the two years then ended 
and financial highlights for the five years then ended; 
    

   
(bullet) The New York Tax Free Money Market Fund--the statement of assets and 
liabilities as of November 30, 1995 and the related statements of operations 
for the year then ended, changes in net assets for the two years then ended 
and financial highlights for the five years then ended. 
    

   
We also consent to the references to our firm under the headings "Financial 
Highlights" and "Financial Statements and Experts" in the Prospectus. 
    

   
                                             /s/ KPMG PEAT MARWICK LLP 

New York, New York 
February 7, 1996