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CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in this Registration
Statement on Form N-1A of our reports dated August 15, 2000, relating to the
financial statements and financial highlights of J.P. Morgan Diversified Fund
and the financial statements and supplementary data of The Diversified
Portfolio which appear in the June 30, 2000 Annual Reports to Trustees and
Shareholders, which are also incorporated by reference into the Registration
Statement. We also consent to the references to us under the headings
"Independent Accountants", "Financial Statements" and "Financial Highlights"
in such Registration Statement.
PricewaterhouseCoopers LLP
New York, New York
October 27, 2000
