EDGAR  EXHIBIT  10
REFERENCE  N-1A  EXHIBIT  (J)



DRAFT

                                SCHEDULE A

                    CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS


As  independent  public  accountants, we hereby consent to the use of our report
dated  ___________,  2001,  on  the  Statement  of  Assets and Liabilities as of
____________, 2001 of the Calvert South Africa Fund, a new series of the Calvert
Impact Fund, Inc., and to all references to our Firm included in or made part of
this  Pre-Effective  Amendment  No. 1 on Form N-1A to the Registration Statement
File  No.  33-87744.

Arthur  Andersen  LLP



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