PILGRIM MUTUAL FUNDS
N-14, EX-99.14, 2000-12-01
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                                                                      Exhibit 14


                          INDEPENDENT AUDITORS' CONSENT


The Board of Directors
Pilgrim Mutual Funds and Pilgrim Global Income Fund, Inc.:

We consent to the use of our  reports on the Pilgrim  Strategic  Income Fund and
Pilgrim  Global  Income  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
November 29, 2000


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