AETNA INVESTMENT ADVISERS FUND INC
485BPOS, EX-99.B(J), 2000-08-01
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                         Consent of Independent Auditors

The Board of Directors and Shareholders of
Aetna Balanced VP, Inc.:


We consent to the use of our report dated February 4, 2000, on the statement of
assets and liabilities of Aetna Balanced VP as of December 31, 1999, and the
related statements of operations, statements of changes in net assets and
financial highlights for each of the years or periods presented, incorporated by
reference in Post-Effective Amendment No. 19, to Registration Statement (No.
33-27247) on Form N-1A under the Securities Act of 1933.

We also consent to the references to our firm under the headings, "Financial
Highlights" in the prospectus and "Independent Auditors" in the statement of
additional information.


                                                /s/ KPMG LLP
                                                KPMG LLP


Hartford, Connecticut
August 1, 2000


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