EXHIBIT 23

Consent of Ernst & Young LLP, Independent Auditors



We consent to the incorporation by reference in the Registration Statements on
Forms S-3 and S-8 (Securities and Exchange Commission Registration Numbers 33-
51415, 33-51721, 33-58113, 33-52667, 33-55379, 33-4711, 33-13445, 2-77594, and
2-77599) of Lincoln National Corporation and in the related Prospectuses of
our report dated February 8, 1995, with respect to the consolidated financial
statements and schedules of Lincoln National Corporation included in this
Annual Report (Form 10-K) for the year ended December 31, 1994.



Fort Wayne, Indiana
March 23, 1995