EXHIBIT 1



                       CONSENT OF INDEPENDENT ACCOUNTANTS




We consent to the incorporation by reference in the Prospectus Supplement to the
Registration Statement on Form S-3 of Ace Securities Corp. Home Equity Loan
Trust, Series 2004-RM1 of our report dated February 10, 2004 relating to the
financial statements of XL Capital Assurance Inc. as of December 31, 2003 and
2002 and for each of the three years in the period ended December 31, 2003,
which appears as Exhibit 99.1 in XL Capital LTd.'s Annual Report on Form 10-K
for the year ended December 31, 2003.

We also consent to the reference to us under the heading "Experts" in such
Prospectus Supplement.



/s/ Pricewaterhouse Coopers LLP
New York, New York
July 27, 2004