CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


We  hereby  consent  to the  incorporation  by  reference  in this  Registration
Statement  on Form N-1A of our report dated  November 15, 2004,  relating to the
financial statements and financial highlights which appears in the September 30,
2004 Annual Report to Shareholders of Baron Investment Funds Trust,  comprising,
respectively,  Baron Asset Fund,  Baron Growth Fund, Baron Small Cap Fund, Baron
iOpportunity  Fund  and  Baron  Fifth  Avenue  Growth  Fund  (collectively,  the
"Funds"),  which  is  also  incorporated  by  reference  into  the  Registration
Statement. We also consent to the references to us under the headings "Financial
Highlights",  "Experts",  "Independent  Registered  Public  Accounting Firm" and
"Financial Statements" in such Registration Statement.




PricewaterhouseCoopers LLP

New York, New York
January 27, 2004

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