CONSENT OF INDEPENDENT AUDITORS

We consent to the use and incorporation by reference in the Proxy Statement and
Prospectus and the Statement of Additional Information constituting parts of
this Registration Statement on Form N-14 ("N-14 Registration Statement") of our
report dated April 12, 2001 for Morgan Stanley Dean Witter S&P 500 Select Fund
relating to the February 28, 2001 financial statements appearing in the 2001
Annual Report to Shareholders of Morgan Stanley Dean Witter S&P 500 Select Fund
and our report dated October 17, 2001 for Morgan Stanley S&P 500 Index Fund
relating to the August 31, 2001 financial statements appearing in the 2001
Annual Report to Shareholders of Morgan Stanley S&P 500 Index Fund, which
accompany and are incorporated by reference in the N-14 Registration Statement.
We also consent to the references to us under the heading "Financial Statements
and Experts" in such Proxy Statement and Prospectus. We also consent to the
references to us under the headings "Financial Highlights," "Custodian and
Independent Auditors" and "Experts" in each Fund's Prospectus and Statement of
Additional Information dated April 30, 2001 for Morgan Stanley Dean Witter S&P
500 Select Fund and October 31, 2001 for Morgan Stanley S&P 500 Index Fund, all
of which accompany the N-14 Registration Statement.

Deloitte & Touche LLP
New York, New York
February 25, 2002