LIBERTY FUNDS TRUST III
N-14/A, EX-99.(14)(B), 2000-11-03
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                       CONSENT OF INDEPENDENT ACCOUNTANTS




We hereby consent to the  incorporation by reference in the Combined  Prospectus
and Proxy Statement and Statement of Additional  Information  constituting parts
of this Registration  Statement on Form N-14 (the  "Registration  Statement") of
our report dated  November 15, 1999,  relating to the financial  statements  and
financial  highlights  appearing  in the  September  30, 1999  Annual  Report to
Shareholders  of Stein Roe  Disciplined  Stock Fund, our report dated August 10,
2000, relating to the financial statements and financial highlights appearing in
the June 30, 2000 Annual Report to Shareholders of Liberty Small Cap Value Fund,
and our report dated December 13, 1999, relating to the financial statements and
financial  highlights  appearing  in the  October  31,  1999  Annual  Report  to
Shareholders of Liberty Select Value Fund (formerly Colonial Select Value Fund),
which are also  incorporated by reference into the  Registration  Statement.  We
also consent to the references to us under the heading "Financial Highlights" in
the  Prospectus  and  "Independent  Accountants"  in the Statement of Additional
Information  of the Stein Roe  Disciplined  Stock Fund dated  February  1, 2000,
under the heading  "Financial  Highlights" in the  Prospectuses and "Independent
Accountants"  in the  Statement of Additional  Information  of Liberty Small Cap
Value Fund dated November 1, 1999, and under the heading "Financial  Highlights"
in the Prospectuses and "Independent Accountants" in the Statement of Additional
Information  of Liberty Select Value Fund dated March 1, 2000, all of which have
also been incorporated by reference into the Registration Statement.




/s/PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
Boston, Massachusetts
November 3, 2000

<PAGE>

                      CONSENT OF INDEPENDENT ACCOUNTANTS




We hereby consent to the  incorporation by reference in the Combined  Prospectus
and Proxy Statement and Statement of Additional  Information  constituting parts
of this Registration  Statement on Form N-14 (the  "Registration  Statement") of
our report dated  December 13, 1999,  relating to the financial  statements  and
financial  highlights  appearing  in the  October  31,  1999  Annual  Report  to
Shareholders of Liberty  Strategic  Balanced Fund (formerly  Colonial  Strategic
Balanced  Fund),  and our  report  dated  December  11,  1998,  relating  to the
financial statement and financial  highlights for the years in the period ending
October 31, 1998 appearing in the October 31, 1999 Annual Report to Shareholders
of The Liberty Fund (formerly The Colonial Fund), which are also incorporated by
reference into the Registration  Statement. We also consent to the references to
us under the heading  "Financial  Highlights" in the Prospectus and "Independent
Accountants" in the Statement of Additional Information of the Liberty Strategic
Balanced Fund dated March 1, 2000 and under the heading  "Financial  Highlights"
in the Prospectuses  and  "Independent  Auditors" in the Statement of Additional
Information of The Liberty Fund dated March 1, 2000, all of which have also been
incorporated by reference into the Registration Statement.




/s/PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
Boston, Massachusetts
November 3, 2000

<PAGE>

                       CONSENT OF INDEPENDENT ACCOUNTANTS




We hereby consent to the  incorporation by reference in the Combined  Prospectus
and Proxy Statement and Statement of Additional  Information  constituting parts
of this Registration  Statement on Form N-14 (the  "Registration  Statement") of
our reports dated  December 13, 1999,  relating to the financial  statements and
financial  highlights  appearing  in the  October  31,  1999  Annual  Reports to
Shareholders  of Liberty  Newport Global Equity Fund (formerly  Colonial  Global
Equity Fund) and Liberty Newport Global Utilities Fund (formerly Colonial Global
Utilities Fund),  which are also incorporated by reference into the Registration
Statement.  We also consent to the references to us under the heading "Financial
Highlights" in the Prospectuses and "Independent  Accountants" in the Statements
of  Additional  Information  of Liberty  Newport  Global Equity Fund and Liberty
Newport  Global  Utilities  Fund  dated  March 1,  2000,  which  have  also been
incorporated by reference into the Registration Statement.




/s/PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
Boston, Massachusetts
November 3, 2000



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