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
November 22, 1999