EII REALTY SECURITIES TRUST
485BPOS, EX-99.J(2), 2000-10-27
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                         CONSENT OF INDEPENDENT AUDITORS


We  consent  to  the  reference  to  our  firm  under  the  captions  "Financial
Highlights",  "Independent  Auditors"  and  "Financial  Statements"  and  to the
incorporation  by  reference  of our  report  dated  August  10,  2000  in  this
Registration  Statement on Form N-1A (no. 333-45959) of E.I.I. Realty Securities
Trust.




                                                         /s/ ERNST & YOUNG LLP

                                                         ERNST & YOUNG LLP


New York, New York
October 24, 2000



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