Exhibit 14.(b)

                         CONSENT OF INDEPENDENT AUDITORS

We consent to the reference to our firm under the captions "Management of Each
Fund" and "Financial Statements and Experts" and to the use of our report dated
December 20, 2000 with respect to DLJ Fixed Income Fund (one of the funds
comprising DLJ Focus Funds), which is incorporated by reference, in this
Registration Statement on Form N-14 of Warburg Pincus Fixed Income Fund.


                                       /s/ ERNST & YOUNG LLP

New York, New York
December 22, 2000