Consent of Independent Auditors



We consent to the reference to our firm under the caption "Auditors" and to the use of our report dated December
12, 2001 in the Registration Statement (Form N-2 No. 333-71722 and 811-10541) and related Prospectus of
Oppenheimer Tremont Opportunity Fund, L.L.C. for the registration of limited liability company interests.



                                                  /s/ ERNST & YOUNG LLP

                                                  ERNST & YOUNG LLP



New York, New York
December 19, 2001