CONSENT OF INDEPENDENT AUDITORS
We consent to the references to our firm under the captions "Financial
Highlights" in the Prospectus and "Independent Auditors" in the Statement of
Additional Information and to the incorporation by reference of our report dated
November 10, 2000 on the financial statements and financial highlights of
Security Equity Fund in the Post-Effective Amendment No. 91 to the Registration
Statement (Form N-1A) and related Prospectus and Statement of Additional
Information filed with the Securities and Exchange Commission under the
Securities Act of 1933 (Registration No. 2-19458) and under the Investment
Company Act of 1940 (Registration No. 811-1136).
Ernst & Young LLP
Kansas City, Missouri
January 15, 2001