Exhibit 23



                       Consent of Independent Auditors


We consent to the incorporation by reference in this Annual Report (Form
10-K) of AEL Industries, Inc. of our report dated March 24, 1995, included
in the 1995 Annual Report to Shareholders of AEL Industries, Inc.

Our audits also included the financial statement schedule of AEL
Industries, Inc. listed in Item 14(a).  This schedule is the responsibility
of the Company's management.  Our responsibility is to express an opinion
based on our audits.  In our opinion, the financial statement schedule
referred to above, when considered in relation to the basic financial
statements taken as a whole, presents fairly in all material respects the
information set forth therein.

We also consent to the incorporation by reference in the Registration
Statements pertaining to the Incentive Stock Option Plans (Form S-8 No. 2-
87030 and No. 33-64512) and the Non-Qualified Stock Option Plans (Forms S-8
No. 2-18195, No. 33-41025, and No. 33-64510) of AEL Industries, Inc. of our
report dated March 24, 1995, with respect to the financial statements
incorporated herein by reference and our report included in the preceding
paragraph with respect to the financial statement schedules included in the
1995 Annual Report (Form 10-K) of AEL Industries, Inc.



/s/ Ernst & Young LLP


Philadelphia, Pennsylvania
May 16, 1995