Exhibit 14
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in this Registration
Statement of Pilgrim Equity Trust on Form N-14 ("Registration Statement") of our
report dated February 17, 2000 relating to the financial statements and
financial highlights of Pilgrim MidCap Opportunities Fund which appear in the
December 31, 1999 Annual Report to shareholders of Pilgrim Funds which is also
incorporated by reference into the Registration Statement.
We also consent to the reference to us under the heading "Financial Highlights"
in such Registration Statement.
/s/ Pricewaterhouse Coopers LLP
PricewaterhouseCoopers LLP
New York, New York
December 14, 2000
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CONSENT OF INDEPENDENT AUDITORS
We consent to the use of our report dated December 3, 1999 with respect to ING
Mid Cap Growth Fund (one of the funds comprising ING Funds Trust), which is
incorporated by reference, in this Registration Statement on Form N-14 of
Pilgrim Equity Trust.
/s/ ERNST & YOUNG LLP
ERNST & YOUNG LLP
New York, New York
December 11, 2000
