Exhibit 14
CONSENT OF INDEPENDENT AUDITORS
We consent to the use of our report dated December 3, 1999 with respect to ING
Small Cap Growth Fund (one of the funds comprising ING Funds Trust), which is
incorporated by reference, in this Registration Statement on Form N-14 of
Pilgrim SmallCap Opportunities Fund.
/s/ Ernst & Young LLP
ERNST & YOUNG LLP
New York, New York
December 11, 2000
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CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in this Registration
Statement of Pilgrim SmallCap Opportunities Fund on Form N-14 ("Registration
Statement") of our report dated February 17, 2000 relating to the financial
statements and financial highlights of Pilgrim SmallCap Opportunities Fund which
appear in the December 31, 1999 Annual Report to shareholders of Pilgrim Funds
which is also incorporated by reference into the Registration Statement.
We also consent to the reference to us under the heading "Financial Highlights"
in such Registration Statement.
/s/ Pricewaterhouse Coopers LLP
PricewaterhouseCoopers LLP
New York, New York
December 14, 2000
