Exhibit 14

                       CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby  consent to the  incorporation  by  reference  in this  Post-Effective
Amendment No. 1 to Registration  Statement of Pilgrim  Advisory  Funds,  Inc. on
Form N-14 (File No.  333-51722)  ("Registration  Statement") of our report dated
December 29, 2000 relating to the financial  statements and financial highlights
of Pilgrim  Asia-Pacific Equity Fund and Pilgrim SmallCap Asia Growth Fund which
appears in the October 31, 2000 Annual Report to  shareholders  of Pilgrim Funds
which is also incorporated by reference into the Registration Statement.

/s/ PricewaterhouseCoopers LLP

Denver, Colorado
January 18, 2001