GUINNESS FLIGHT INVESTMENT FUNDS
485APOS, EX-99.J(B), 2000-06-30
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               CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS




We  consent  to  the  reference  of  our  firm  under  the  captions  "Financial
Highlights",   "Financial   Statements",   and   "Independent   Accountants"  in
Post-Effective  Amendment No. 26 under the  Securities Act of 1933 and Amendment
No. 26 under the Investment  Company Act of 1940 to the  Registration  Statement
(Form N-1A No.  33-75340)  and related  Prospectus  and  Statement of Additional
Information of Guinness Flight  Investment  Funds,  and to the  incorporation by
reference  therein of our report  dated  February 4, 2000,  with  respect to the
financial  statements and financial highlights included in its Annual Report for
the year  ended  December  31,  1999  filed  with the  Securities  and  Exchange
Commission.




/s/ Ernst & Young LLP

Los Angeles, California
June 30, 2000


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