CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS We consent to the references to our firm under the captions "Financial Highlights for Total Return Fund and Equity Fund" and Sections 4.1(i) and 4.2(h) of "Representations and Warranties" in Appendix A in the Combined Proxy Statement/Prospectus of the Total Return Series of Security Equity Fund relating to the reorganization into Equity Series of Security Equity Fund and to the incorporation by reference of our report dated November 2, 2001 in the Registration Statement (Form N-14) filed with the Securities and Exchange Commission in this Registration Statement on Form N-14. /s/ Ernst & Young LLP Kansas City, Missouri May 30, 2002
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N-14 Filing
Guggenheim Alpha Opportunity Fund (SAOAX) N-14Registration statement for investment companies business combination
Filed: 30 May 02, 12:00am