FARMERS INVESTMENT TRUST
485BPOS, EX-99.J, 2000-08-31
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                                                                     Exhibit (j)

                       CONSENT OF INDEPENDENT ACCOUNTANTS


We hereby consent to the incorporation by reference into the Prospectus and
Statement of Additional Information constituting the Post Effective Amendment
No. 4 to the Registration Statement on Form N-1A (the "Registration Statement")
of Farmers Investment Trust, of our report dated June 23, 2000, on the financial
statements and financial highlights appearing in the April 30, 2000 Annual
Report to the Shareholders of Farmers Investment Trust, which is also
incorporated by reference into the Registration Statement. We further consent to
the references to our Firm under the headings "Financial Highlights" in the
Prospectus and "Experts" in the Statement of Additional Information.




/s/PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP
Boston, Massachusetts
August 30, 2000



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