Exhibit 14

                       CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby consent to the incorporation by reference in this Registration
Statement of Pilgrim Equity Trust on Form N-14 ("Registration Statement") of our
report dated February 17, 2000 relating to the financial statements and
financial highlights of Pilgrim MidCap Opportunities Fund which appear in the
December 31, 1999 Annual Report to shareholders of Pilgrim Funds which is also
incorporated by reference into the Registration Statement.

We also consent to the reference to us under the heading "Financial Highlights"
in such Registration Statement.

/s/ Pricewaterhouse Coopers LLP

PricewaterhouseCoopers LLP


New York, New York
December 14, 2000

                         CONSENT OF INDEPENDENT AUDITORS

We consent to the use of our report dated December 3, 1999 with respect to ING
Mid Cap Growth Fund (one of the funds comprising ING Funds Trust), which is
incorporated by reference, in this Registration Statement on Form N-14 of
Pilgrim Equity Trust.

/s/ ERNST & YOUNG LLP

ERNST & YOUNG LLP

New York, New York
December 11, 2000