Exhibit (j)(1)

                       CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby consent to the incorporation by reference in this Registration
Statement on Form N-1A of our report dated May 25, 2001, relating to the
financial statements and financial highlights of Pilgrim Investment Funds, Inc.
which appears in the March 31, 2001 Annual Report to Shareholders of Pilgrim
Funds, which is also incorporated by reference into the Registration Statement.
We also consent to the reference to us under the headings "Independent
Accountants" and "Financial Highlights" in such registration statement.

/s/ PricewaterhouseCoopers LLP

Denver, Colorado
July 26, 2001