PILGRIM SMALLCAP OPPORTUNITIES FUND
485BPOS, EX-14, 2001-01-18
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                                                                      Exhibit 14


                         CONSENT OF INDEPENDENT AUDITORS


We consent to the use of our report  dated  December 5, 2000 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

New York, New York
January 17, 2001


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