ALGER RETIREMENT FUND, 485BPOS, EX-23.(J), 2000-12-04

ALGER RETIREMENT FUND
485BPOS, EX-23.(J), 2000-12-04

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                                                         [Arthur Andersen LOGO]



                    CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

As independent public accountants, we hereby consent to the use of our report
dated November 28, 2000 on the financial statements of The Alger Retirement
Fund for the year ended October 31, 2000 and to a1l references to our Firm
included in or made part of the registration statement of The Alger Retirement
Fund filed on form N-1A (Amendments No. 11 and No. 13), Investment Company Act
File No. 811-7986 with the Securities and Exchange Commission.


                                                       /s/  Arthur Andersen LLP
                                                       ------------------------
                                                            ARTHUR ANDERSEN LLP

New York, New York
November 30, 2000