PAINEWEBBER FINANCIAL SERVICES GROWTH FUND INC
485BPOS, EX-10, 2000-07-25
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                                                                  Exhibit No. 10




                        CONSENT OF INDEPENDENT AUDITORS


We consent to the reference to our firm under the captions "Financial
Highlights" in the Prospectus and "Auditors" in the Statement of Additional
Information and to the incorporation by reference of our report dated May 25,
2000 in this Registration Statement (Form N-1A No. 33-33231) of PaineWebber
Financial Services Growth Fund, Inc.



                                           /s/ Ernst & Young LLP
                                           ERNST & YOUNG LLP


New York, New York
July 24, 2000


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