RUSSELL FRANK INVESTMENT CO, 485APOS, EX-99.(J)1.1, 2000-10-19

RUSSELL FRANK INVESTMENT CO
485APOS, EX-99.(J)1.1, 2000-10-19

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                                                                  Exhibit (j)1.1




                      Consent of Independent Accountants
                      ----------------------------------

We hereby consent to the incorporation by reference in this Post-Effective
Amendment No. 48 to the registration statement of Frank Russell Investment
Company on Form N-1A ("Registration Statement") of our reports dated February
16, 2000, relating to the financial statements and financial highlights which
appear in the December 31, 1999 Annual Report to Shareholders of the Frank
Russell Investment Company, which are also incorporated by reference into the
Registration Statement. We also consent to the references to us under the
headings "Financial Highlights" and "Independent Accountants" in such
Registration Statement.


PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP
Seattle, Washington
October 17, 2000