EXHIBIT J

                        CONSENT OF INDEPENDENT AUDITORS

We consent to the references to our firm under the caption "Independent
Auditors" and to the use of our report dated February 8, 2002 on the 2001
financial statements of Liberty Acorn Fund, Liberty Acorn International, Liberty
Acorn USA, Liberty Acorn Twenty and Liberty Acorn Foreign Forty, comprising
Liberty Acorn 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. 74 to the Registration Statement under the
Securities Act of 1933 (Registration No. 2-34223) and in the Amendment No. 49 to
the Registration Statement under the Investment Company Act of 1940
(Registration No. 811-1829).

                                    /s/ ERNST & YOUNG LLP

Chicago, Illinois
September 24, 2002