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                                                                    EXHIBIT 23.1

                       CONSENT OF INDEPENDENT ACCOUNTANTS


We hereby consent to the use in the Registration Statement on Form S-1 (the
"Registration Statement") of our report dated July 15, 2003, relating to the
statement of financial condition of S&P Managed Futures Index Fund, L.P. which
appears in such Registration Statement. We also consent to the reference to us
under the heading "Experts" in such Registration Statement.


PricewaterhouseCoopers LLP

New York, New York
October 7, 2003