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Exhibit 14(A) INDEPENDENT AUDITORS' CONSENT The Board of Directors Pilgrim Mutual Funds: We consent to the use of our report on the Pilgrim High Yield Fund II, incorporated herein by reference, and to the reference to our firm under the heading "Financial Highlights" in the proxy statement/prospectus. /s/ KPMG LLP Los Angeles, California November 29, 2000
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