CONSENT OF INDEPENDENT AUDITORS

The Board of Trustees and Shareholders
Forum Funds

We consent to the use of our report dated  October 4, 2002 on the  statements of
assets and liabilities of Forum Daily Assets Treasury  Obligations  Fund,  Forum
Daily Assets Government  Obligations Fund and Forum Daily Assets Cash Fund as of
August 31, 2002, and the related statements of operations, statements of changes
in net  assets  and  financial  highlights  for  each of the  years  or  periods
presented,  incorporated  by reference in Pre Effective  Amendment No. 1 to Form
N14  filed  by  Monarch  Funds  under  the  Securities  Act of  1933  and to the
references to our firm under the headings  "Experts" and "Financial  Highlights"
in the Forum Funds Prospectus/Proxy Statement dated April 25, 2003.

/s/ KPMG LLP


Boston, Massachusetts
April 23, 2003