PAINEWEBBER PACE SELECT ADVISORS TRUST, N-14AE, EX-99.(14), 2000-12-01

PAINEWEBBER PACE SELECT ADVISORS TRUST
N-14AE, EX-99.(14), 2000-12-01

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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 December 17, 1999 with respect to PaineWebber
Global Equity Fund and September 22, 2000 with respect to PACE International
Equity 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
November 29, 2000