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                                                                     Exhibit (j)



               CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS


We consent to the reference to our firm under the captions "Financial
Highlights" and "Transfer and Dividend Disbursing Agent, and Independent
Auditors" in Post-Effective Amendment No. 5 under the Securities Act of 1933
and Amendment No. 23 under the Investment Company Act of 1940 to the
Registration Statement (Form N-1A, No. 811-7384) and related Prospectuses and
Statement of Additional Information of Nicholas-Applegate Institutional Funds.

                              s/s Ernst & Young LLP


Los Angeles, California
November 29, 2000



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