Exhibit (j)(1)(i)

                          INDEPENDENT AUDITORS' CONSENT


The Board of Directors
Pilgrim Advisory Funds, Inc.:

We consent to the use of our report  incorporated herein by reference and to the
references  to  our  firm  under  the  heading  "Financial  Highlights"  in  the
prospectuses  and  "Independent   Accountants/Auditors"   in  the  Statement  of
Additional Information.

                                            /s/ KPMG LLP

Los Angeles, California
February 28, 2001