CONSENT OF INDEPENDENT AUDITORS
We consent to the use of our reports dated July 9, 1999 on the financial
statements of Liberty Freedom Fund (now the Unity Fund) and Heritage West
Dividend Capture Income Fund (now the The Heritage West Preferred Securities
Income Fund) each series of Advisors Series Trust referred to in the
Post-Effective Amendment. No. 69 to the Registration Statement on Form N-1A as
filed with the Securities and Exchange Commission.
/s/ McGladrey & Pullen, LLP
New York, New York
September 28, 2000
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INDEPENDENT AUDITOR'S REPORT
THE BOARD OF TRUSTEES AND SHAREHOLDERS
HERITAGE WEST DIVIDEND CAPTURE INCOME FUND AND
LIBERTY FREEDOM FUND
We have audited the statement of changes in net assets and the financial
highlights for the period from June 24, 1998 through May 31, 1999 of the
Heritage West Dividend Capture Income Fund and Liberty Freedom Fund, each series
of Advisors Series Trust. This financial statement and the financial highlights
are the responsibility of the Trust's management. Our responsibility is to
express an opinion on this financial statement and financial highlights based on
our audit.
We conducted our audit in accordance with generally accepted auditing standards.
Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements and financial highlights are
free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. An
audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audit provides a reasonable basis
for our opinion.
In our opinion, the financial statement and financial highlights referred to
above present fairly, iall material respects, the changes in its net assets and
the financial highlights of the Heritage West Dividend Capture Income Fund and
Liberty Freedom Fund, series of Advisors Series Trust for the period indicated,
in conformity with generally accepted accounting principles.
/s/ McGladrey & Pullen, LLP
New York, New York
July 9, 1999
