ARTHUR ANDERSEN
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
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As independent public accountants, we hereby consent to the use of our report
dated December 7, 1999 on the financial statements of Spectra Fund for the year
ended October 31, 1999 and to all references to our Firm included in or made a
part of the registration statement of Spectra Fund filed on Form N-1A (Amendment
No. 21), Investment Company Act File No. 811-1743 with the Securities and
Exchange Commission.
/s/ ARTHUR ANDERSEN LLP
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ARTHUR ANDERSEN LLP
New York, New York
June 26, 2000
