LIBERTY FUNDS TRUST V
485BPOS, EX-99.(J)(1), 2000-05-30
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                       CONSENT OF INDEPENDENT ACCOUNTANTS


We hereby  consent to the  incorporation  by  reference  in this  Post-Effective
Amendment No. 26 to the registration  statement on Form N-1A (the  "Registration
Statement")  of our reports  dated  March 10,  2000,  relating to the  financial
statements and financial  highlights which appear in the January 31, 2000 Annual
Reports to Shareholders of Colonial Minnesota Tax-Exempt Fund, Colonial New York
Tax-Exempt  Fund,  Colonial  North  Carolina  Tax-Exempt  Fund and Colonial Ohio
Tax-Exempt Fund, which are also  incorporated by reference into the Registration
Statement. We also consent to the references to us under the headings "Financial
Highlights" and "Independent Accountants" in such Registration Statement.




PricewaterhouseCoopers LLP
Boston, Massachusetts
May 26, 2000

<PAGE>

                       CONSENT OF INDEPENDENT ACCOUNTANTS


We hereby  consent to the inclusion in this  Post-Effective  Amendment No. 26 to
the registration  statement on Form N-1A (the  "Registration  Statement") of our
reports dated March 11, 1999, relating to the financial statements and financial
highlights  which appear in the January 31, 1999 Annual Reports to  Shareholders
of the Colonial  California  Tax-Exempt Fund,  Colonial  Connecticut  Tax-Exempt
Fund, Colonial Florida Tax-Exempt Fund, Colonial  Massachusetts  Tax-Exempt Fund
and Colonial Michigan  Tax-Exempt Fund, which are incorporated by reference into
the  Registration  Statement.  We also consent to the references to us under the
headings   "Financial   Highlights"  and   "Independent   Accountants"  in  such
Registration Statement.




PricewaterhouseCoopers LLP
Boston, Massachusetts
May 26, 2000



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