EXHIBIT

                                                                     EX-99.j.1.v




                         Consent of Independent Auditors

We  consent  to the  references  to  our  firm  under  the  captions  "Financial
Highlights"  in the Prospectus  and  "Independent  Auditors" in the Statement of
Additional Information and to the incorporation by reference of our report dated
April 25, 2003, in the  Registration  Statement (Form N-1A) of Buffalo Small Cap
Fund,   Inc.  filed  with  the  Securities  and  Exchange   Commission  in  this
Post-Effective  Amendment No. 6 under the Securities  Act of 1933  (Registration
No.  333-40841)  and  Amendment No. 7 under the  Investment  Company Act of 1940
(Registration No. 811-08509).


                                                   /s/Ernst & Young, LLP

Kansas City, Missouri
July 25, 2003