CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby  consent to the  incorporation  by reference in the  Prospectuses  and
Statement of Additional  Information  constituting parts of this  Post-Effective
Amendment No. 69 to the  registration  statement on Form N-1A (the  Registration
Statement)  of our report dated  November 30,  2001,  relating to the  financial
statements  and  financial  highlights  appearing in the October 31, 2001 Annual
Report to Shareholders of Vanguard  Explorer Fund, which is also incorporated by
reference into the Registration  Statement. We also consent to the references to
us under the heading  "Financial  Highlights" in the  Prospectuses and under the
headings "Financial Statements" and "Service Providers--Independent Accountants"
in the Statement of Additional Information.




PricewaterhouseCoopers LLP
Philadelphia, PA

January 30, 2002