Consent of Independent Auditors



We consent to the reference to our firm under the caption "Independent
Auditors and Legal Counsel" and to the use of our report dated May 16, 2003
included in the Statement of Additional Information of this Registration
Statement (Form N-2 No. 333-71722 and 811-10541) and related Prospectus of
Oppenheimer Tremont Opportunity Fund, LLC.


                        /s/Ernst & Young LLP
                        ---------
                        ERNST & YOUNG LLP



New York, New York
August 20, 2003