Exhibit (j)(1)


                          INDEPENDENT AUDITORS' CONSENT

The Board of Directors of Pilgrim Investment Funds, Inc.:

We consent to the use of our reports incorporated herein by reference and to the
references  to  our  firm  under  the  heading  "Financial  Highlights"  in  the
prospectuses  and   "Independent   Auditors"  in  the  statement  of  additional
information.

                                  /s/ KPMG LLP

Los Angeles, California
September 28, 2001