NEW PROVIDENCE INVESTMENT TRUST
485BPOS, EX-99.I, 2000-09-29
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                   Exhibit (i)(3): Consent of Dechert, Counsel
                   --------------

[LETTERHEAD]


DECHERT                                                Direct Tel:  202.261.3377
                                                       [email protected]




September 29, 2000



New Providence Investment Trust
107 North Washington Street
Post Office Box 4365
Rocky Mount, NC  27803-0365


Re:  Post-Effective  Amendment No. 9 to Registration  Statement on Form N-1A for
     New  Providence   Investment  Trust  ("Trust")  (File  Nos.  333-31359  and
     811-08295)


Ladies and Gentlemen:

We hereby  consent to the  reference  in the  Trust's  Statement  of  Additional
Information  to Dechert as  counsel  to the Trust and to the  inclusion  of this
consent  as  an  exhibit  to  Post-Effective  Amendment  No.  9 to  the  Trust's
Registration Statement.



Very truly yours,

/s/ Dechert

Dechert






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