CONSENT OF INDEPENDENT AUDITORS

The Board of Trustees and Shareholders
Monarch Funds:

     We consent to the use of our report dated October 4, 2002 on the statements
of assets and liabilities of Monarch Treasury Cash Fund, Monarch Government Cash
Fund and Monarch Cash Fund as of August 31, 2002, and the related  statements of
operations,  statements  of changes in net assets and financial  highlights  for
each of the  years  or  periods  presented,  incorporated  by  reference  in Pre
Effective  Amendment  No.  1 to Form  N14  filed  by  Monarch  Funds  under  the
Securities  Act of 1933 and to the  references  to our firm  under the  headings
"Experts"  and  "Financial  Highlights"  in  the  Forum  Funds  Prospectus/Proxy
Statement dated April 25, 2003.

/s/ KPMG LLP

Boston, Massachusetts
April 23, 2003