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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 January 14, 2000 with respect to PaineWebber
Low Duration U.S. Government Income Fund and September 22, 2000 with respect to
PACE Government Securities 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
November 16, 2000
