EXHIBIT (j)(2)


                         CONSENT OF INDEPENDENT AUDITORS


We consent to the reference to our firm under the captions "Financial
Highlights", "Independent Auditors" and "Experts" and to the use of our reports
dated November 1, 2002, which are incorporated by reference in this Registration
Statement (Form N-1A Nos. 333-76651 and 811-09301) of TIAA-CREF Institutional
Mutual Funds.



                                                     /s/ Ernst & Young LLP
                                                     ---------------------
                                                     ERNST & YOUNG LLP

New York, New York
January 27, 2003