Exhibit (i)(4): Consent of Dechert Price & Rhoads, Counsel
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[LETTERHEAD]
Law Offices of
DECHERT PRICE & RHOADS
1775 Eye St., N.W.
Washington, DC 20006-2401
Telephone: (202) 261-3300
Fax: (202) 261-3333
June 30, 2000
Gardner Lewis Investment Trust
105 North Washington Street
Post Office Box 69
Rocky Mount, NC 27802-0069
Re: Post-Effective Amendment No. 21 to Registration Statement on
Form N-1A for Gardner Lewis Investment Trust ("Trust") (File
Nos. 33-53800 and 811-07324)
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Dear Sirs and Madams:
We hereby consent to the reference in the Trust's Statements
of Additional Information to Dechert Price & Rhoads as counsel to the Trust and
to the inclusion of this consent as an exhibit to Post-Effective Amendment No.
21 to the Trust's Registration Statement.
Very truly yours,
/s/ Dechert Price & Rhoads
Dechert Price & Rhoads
