GARDNER LEWIS INVESTMENT TRUST
485BPOS, EX-99.I, 2001-01-02
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                   Exhibit (i)(5): Consent of Dechert, Counsel
                   --------------


[LETTERHEAD]


Dechert

                                                       Direct Tel:  202.261.3377
                                                       [email protected]




January 2, 2001



Gardner Lewis Investment Trust
107 North Washington Street
Post Office Box 4365
Rocky Mount, NC  27803-0365


Re:      Post-Effective  Amendment No. 22 to Registration Statement on Form N-1A
         for Gardner Lewis  Investment  Trust ("Trust") (File Nos.  33-53800 and
         811-07324)


Ladies and Gentlemen:

We hereby  consent to the  reference  in the  Trust's  Statement  of  Additional
Information  to Dechert as  counsel  to the Trust and to the  inclusion  of this
consent  as an  exhibit  to  Post-Effective  Amendment  No.  22 to  the  Trust's
Registration Statement.



Very truly yours,

/s/ Dechert

Dechert




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