CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in the Prospectuses and
Statement of Additional Information constituting parts of this Post-Effective
Amendment No. 80 to the registration statement on Form N-1A (the "Registration
Statement") of our reports dated September 29, 2000, relating to the financial
statements and financial highlights appearing in the August 31, 2000 Annual
Reports to Shareholders of Vanguard U.S. Growth Fund, Vanguard International
Growth Fund, and Vanguard Calvert Social Index 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 under the
headings "Financial Statements" and "Service Providers--Independent Accountants"
in the Statement of Additional Information.
PricewaterhouseCoopers LLP
Philadelphia, PA
December 5, 2000
