CONSENT OF INDEPENDENT AUDITORS

We consent to the references to our firm under the captions "Financial
Highlights" and "Independent Auditors" and to the use of our report dated
February 3, 2000 on the 1999 financial statements of Acorn Fund, Acorn
International, Acorn USA, Acorn Twenty and Acorn Foreign Forty, comprising Acorn
Investment Trust and its incorporation by reference in the Registration
Statement (Form N-1A) and in the related Prospectus and Statement of Additional
Information, filed with the Securities and Exchange Commission in this Post-
Effective Amendment No. 68 to the Registration Statement under the Securities
Act of 1933 (Registration No. 2-34223) and in the Amendment No. 43 to the
Registration Statement under the Investment Company Act of 1940 (Registration
No. 811-1829).


                                    ERNST & YOUNG LLP


Chicago, Illinois
September 15, 2000