McGLADREY & PULLEN, LLP Certified Public Accountants and Consultants CONSENT OF INDEPENDENT AUDITORS We consent to the use of our reports dated October 23, 1998 on the financial statements of O'Shaughnessy Dogs of the Market Fund, O'Shaughnessy Aggressive Growth Fund, Cornerstone Value Fund and the Cornerstone Growth Fund, which appear in the 1998 Annual Reports to Shareholders and which are incorporated herein by reference in the Registration Statement on Form N-14 of the O'Shaughnessy Funds, Inc. as filed with the Securities and Exchange Commission. We also consent to the reference to our Firm in the captions "Financial Highlights" and "Experts" in the Form N-14. /s/ McGladrey & Pullen, LLP McGladrey & Pullen, LLP New York, New York January 10, 2000