Exhibit J

                    CONSENT OF INDEPENDENT AUDITORS


We consent to the reference to our firm under the captions "Financial
Highlights", "Independent Auditors" and "Financial Statements" and to the
incorporation by reference of our reports dated February 20, 2001, in this
Registration Statement (Form N-1A 33-33734) of HSBC Mutual Funds Trust.

                                       ERNST & YOUNG LLP

New York, New York
April 25, 2001