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                                                           Exhibit EX-99.906CERT

          Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of
     2002 (Subsections (a) and (b) of Section 1350, Chapter 63 of Title 18,
     United States Code)

In connection with the attached report of Liquid Institutional Reserves (the
"Registrant") on Form N-CSR (the "Report"), each of the undersigned officers of
the Registrant does hereby certify that, to the best of such officer's
knowledge:

     1)   the Report fully complies with the requirements of Section 13(a) or
          15(d), as applicable, of the Securities Exchange Act of 1934, as
          amended;

     2)   the information contained in the Report fairly presents, in all
          material respects, the financial condition and results of operations
          of the Registrant as of, and for, the periods presented in the Report.

Dated: July 8, 2003
       ---------------------------

By:    /s/ Joseph A. Varnas
       ---------------------------
       Joseph A. Varnas
       President


Dated: July 8, 2003
       ---------------------------

By:    /s/ Paul H. Schubert
       ---------------------------
       Paul H. Schubert
       Treasurer

A signed original of this written statement required by Section 906, or other
document authenticating, acknowledging, or otherwise adopting the signature that
appears in typed form within the electronic version of this written statement
required by Section 906, has been provided to Liquid Institutional Reserves and
will be retained by Liquid Institutional Reserves and furnished to the
Securities and Exchange Commission or its staff upon request.

This certification is being furnished solely pursuant to 18 U.S.C. Section 1350
and is not being filed as part of the Report or as a separate disclosure
document.