PILGRIM GROWTH & INCOME FUND INC
485BPOS, EX-99.14, 2001-01-19
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                                                                      Exhibit 14


                         CONSENT OF INDEPENDENT AUDITOR


We consent to the use of our report  dated  December 5, 2000 with respect to ING
Growth & Income Fund (one of the funds  comprising  ING Funds  Trust),  which is
incorporated  by  reference,  in this  Registration  Statement  on Form  N-14 of
Pilgrim Growth and Income Fund, Inc.


                                          /s/ ERNST & YOUNG LLP

New York, New York
January 17, 2001


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