CCB FUNDS
485BPOS, EX-99.AUDITCONSENT, 2000-07-27
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                                                     Exhibit (j) under Form N-1A
                                            Exhibit (23) under Item 601/Reg. S-K


CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

     As  independent  public  accountants,  we  hereby  consent  to  the  use in
Post-Effective Amendment No.15 to Form N-1A Registration Statement of CCB Equity
Fund of our report dated July 24, 2000,  on the  financial  statements as of May
31,  2000 of CCB  Equity  Fund,  included  in or made part of this  Registration
Statement.

Arthur andersen llp

Boston, Massachusetts
July 24, 2000



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