[LETTERHEAD OF DECHERT PRICE & RHOADS]
November 1, 2000
VIA EDGAR
Pilgrim Advisory Funds, Inc.
7337 E. Doubletree Ranch Road
Scottsdale, AZ 85258
Re: Pilgrim Advisory Funds, Inc.
(File Nos. 33-91706 and 811-9040)
Dear Sirs:
We hereby consent to all references to our firm in Post-Effective Amendment No.
14 to the Registration Statement of Pilgrim Advisory Funds, Inc. In giving such
consent, however, we do not admit that we are within the category of persons
whose consent is required by Section 7 of the Securities Act of 1933, as
amended, and the rules and regulations thereunder.
Very truly yours,
/s/ Dechert, Price & Rhoads
Dechert, Price & Rhoads
