Exhibit 14
INDEPENDENT AUDITORS' CONSENT
The Board of Directors
Pilgrim Mutual Funds:
We consent to the use of our report on the Pilgrim LargeCap Growth Fund,
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
December 15, 2000
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CONSENT OF INDEPENDENT AUDITORS
We consent to the use of our report dated December 3, 1999 with respect to ING
Focus Fund and ING Large Cap Growth Fund (two of the funds comprising ING Funds
Trust), which is incorporated by reference, in this Registration Statement on
Form N-14 of Pilgrim Mutual Funds.
/s/ ERNST & YOUNG LLP
New York, New York
December 11, 2000
