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Exhibit No. 14
CONSENT OF INDEPENDENT AUDITORS
We consent to the reference to our firm under the captions "Financial
Highlights" and "Experts" in the Combined Proxy Statement and Prospectus and
"Auditors" in the Statement of Additional Information and to the incorporation
by reference of our reports dated April 14, 2000 with respect to PaineWebber
National Tax-Free Income Fund and September 22, 2000 with respect to PACE
Municipal Fixed Income Investments in this Registration Statement on Form N-14
of PaineWebber PACE Select Advisors Trust.
/s/ ERNST & YOUNG LLP
ERNST & YOUNG LLP
New York, New York
December 6, 2000
