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Exhibit 14(b)
CONSENT OF INDEPENDENT AUDITORS
We consent to the use of our report dated December 5, 2000 with respect to ING
Emerging Markets Equity Fund (one 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
January 17, 2001
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