Exhibit j(1)

CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby consent to the incorporation by reference into the Prospectus and Statement of Additional Information in Post-Effective Amendment No. 43 to the Registration Statement on Form N-1A of The North Carolina Capital Management Trust: Cash Portfolio and Term Portfolio, of our report dated August 13, 2002 on the financial statements and financial highlights included in the June 30, 2002 Annual Report to Shareholders of Cash Portfolio and Term Portfolio.

We further consent to the references to our Firm under the headings "Financial Highlights" in the Prospectus and "Auditor" in the Statement of Additional Information.

____________________________	/s/PricewaterhouseCoopers LLP
	PricewaterhouseCoopers LLP
Boston, Massachusetts
August 14, 2002