CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby consent to the use in the Statement of Additional Information
constituting part of this Pre-Effective Amendment No. 3 to the registration
statement on Form N-1A (the "Registration Statement") of our report dated
October 9, 2002, relating the financial statements of each of the portfolios of
Fresco Index Shares Funds, which appears in such Statement of Additional
Information, and to the incorporation by reference of our report into the
Prospectus which constitutes part of this Registration Statement.. We also
consent to the reference to us under the heading "General Information" in the
Prospectus and to the reference to us under the heading "Counsel and Independent
Auditors" in the Statement of Additional Information.


/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
New York, New York
October 9, 2002