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Exhibit j
CONSENT OF INDEPENDENT AUDITORS
We consent to the references to our firm under the caption "Financial
Highlights" and "Independent Auditors" and to the use of our report dated
February 4, 2000 on the 1999 financial statements of Wanger U.S. Small Cap,
Wanger International Small Cap, Wanger Twenty and Wanger Foreign Forty
comprising Wanger Advisors Trust, and its incorporation by reference in the
Registration Statement (Form N-1A) and in the related Prospectus and Statement
of Additional Information, filed with the Securities and Exchange Commission in
this Post-Effective Amendment No. 11 to the Registration Statement under the
Securities Act of 1933 (Registration No. 33-83548) and in the Amendment No. 12
to the Registration Statement under the Investment Company Act of 1940
(Registration No. 811-8748).
ERNST & YOUNG LLP
Chicago, Illinois
July 28, 2000
