CONSENT OF INDEPENDENT AUDITORS



We consent to the reference to our firm under the captions "Board of
Trustees" and "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. 333-89782 and 811-21109) and
related Prospectus of OFI Tremont Market Neutral Hedge Fund.



                                    /s/ ERNST & YOUNG LLP
                                    ----------
                                    ERNST & YOUNG LLP



New York, New York
September 17, 2003