Exhibit 14.1


                    CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS


To the Board of Directors and Shareholders of
Elk Associates Funding Corporation and Subsidiary

We  consent to the  reference  to our firm under the  caption  "Experts"  in the
Registration  Statement (Form N-14) and the inclusion of our report dated August
12, 1998, with respect to the  consolidated  financial  statements for the years
ended June 30, 1998 and 1997.

Marcum & Kliegman LLP

New York, New York
September 22, 1998