Exhibit No. 10
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in this Registration
Statement on Form N-1A of our report dated October 25, 2000, relating to the
financial statements and financial highlights which appears in the August 31,
2000 Annual Report to Shareholders of PaineWebber Balanced Fund, which is also
incorporated by reference into the Registration Statement. We also consent to
the references to us under the headings "Financial Highlights" in the Prospectus
and "Other Information-Auditors" in the Statement of Additional Information.
/s/ PRICEWATERHOUSECOOPERS LLP
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PricewaterhouseCoopers LLP
New York, New York
December 27, 2000
