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 20, 2001 on the 2000 financial statements of Wanger U.S. Small Cap,
Wanger International Small Cap, Wanger Twenty and Wanger Foreign Forty
portfolios comprising Wanger Advisors 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. 13 to the Registration Statement
under the Securities Act of 1933 (Registration No. 33-83548) and in the
Amendment No. 14 to the Registration Statement under the Investment Company Act
of 1940 (Registration No. 811-8748).



                                                              ERNST & YOUNG LLP


Chicago, Illinois
April 24, 2001