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Exhibit 14 CONSENT OF INDEPENDENT AUDITORS We consent to the use of our report dated December 5, 2000 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 New York, New York January 17, 2001
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