Alger Funds II – ‘485BPOS’ on 2/27/98 – EX-11

As of:  Friday, 2/27/98   ·   Effective:  2/27/98   ·   Accession #:  930413-98-181   ·   File #s:  33-98102, 811-01743

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Post-Effective Amendment
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 485BPOS     Post-Effective Amendment #3                           40    205K 
 2: EX-1        Underwriting Agreement                                34    173K 
 3: EX-2        Plan of Acquisition, Reorganization, Arrangement,      7     33K 
                          Liquidation or Succession                              
 4: EX-5        Opinion re: Legality                                   5     19K 
 5: EX-6        Opinion re: Discount on Capital Shares                 8     27K 
 6: EX-9        Voting Trust Agreement                                 3     12K 
 7: EX-11       Consent of Independent Public Accountants              1      6K 
 8: EX-16       Statement of Additional Information                    1      6K 

EX-11   —   Consent of Independent Public Accountants

 CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

As independent  public  accountants,  we hereby consent to the  incorporation by
reference of our report dated  December 12, 1997 on the financial  statements of
Spectra  Fund for the period ended October 31, 1997 and to all references to our
Firm included in or made a part of the  registration  statement of Spectra Fund,
filed on Form N-1A (Amendment No. 16),  Investment Company Act File No. 811-1743
with the Securities and Exchange Commission.                                    

                                 /s/ Arthur Andersen LLP
                                  ------------------------
                           ARTHUR ANDERSEN LLP

New York, New York                                                              
February 27, 1998                                                               

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘485BPOS’ Filing		Date		Other Filings
Filed on / Effective on:		2/27/98
		12/12/97
		10/31/97		24F-2NT,  N-30D,  NSAR-B
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