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                                                                  EX-23

                       CONSENT OF INDEPENDENT AUDITORS


             We consent to the incorporation by reference in the Registration
Statements (Forms S-8 No. 33-27338 and 33-33853) pertaining to the American
Commercial Lines, Inc. Thrift Plan of our report dated June 17, 1994, with
respect to the financial statements and schedule of the American Commercial
Lines, Inc. Thrift Plan included in this Annual Report (Form 11-K) for the
year ended December 31, 1993.




                                             /s/ ERNST & YOUNG
Richmond, Virginia                           -----------------
June 27, 1994                                Ernst & Young

































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