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EXHIBIT 23.1
CONSENT OF ERNST & YOUNG LLP INDEPENDENT AUDITORS (NASDAQ-100 TRUST, SERIES 1)
We consent to the reference to our firm under the caption "Independent
Auditors and Financial Statements" and to the use of our report dated
December 6, 1999 (except for the matters discussed in Note 6, as to which the
date is March 20, 2000), relating to the statement of assets and liabilities,
including the schedule of investments, of the Nasdaq-100 Trust, Series 1, as
of September 30, 1999 and the related statements of operations, changes in
net assets and the financial highlights for the period of March 5, 1999 to
September 30, 1999, in Post-Effective Amendment No. 2 to the Registration
Statement (Form S-6 No. 333-61001) and related Prospectus of the Nasdaq-100
Trust, Series 1 dated June 30, 2000.
/s/ ERNST & YOUNG LLP
Washington, DC
June 30, 2000
