There exists an exact relationship between the quasi-exactly solvable
problems of quantum mechanics and models of square and rectangular ran
dom complex matrices. This relationship enables one to reduce the prob
lem of constructing topological (1/N) expansions in random matrix mode
ls to the problem of constructing semiclassical expansions for observa
bles in quasi-exactly solvable problems. Lie algebraic aspects of this
relationship are also discussed.