ASSIGNMENT OF LICENSES AND PERMITS

     For Ten dollars  ($10.00) and other  good and  valuable consideration,  the
receipt and  sufficiency  of which  are  hereby acknowledged,  the  undersigned,
Angeles Partners XIV, a California limited partnership, (the "Assignor")  hereby
transfers, conveys  and  assigns unto  ABMD,  LTD., an  Ohio  limited  liability
company, (the "Assignee") all of the  right, title and interest of the  Assignor
in and to all licenses and permits currently in force and effect with respect to
that certain office building being sold by  Assignor to Assignee as of the  date
hereof located at 6680 Poe Avenue, Vandalia, Ohio, commonly known as Park Center
II, a brief description of such licenses and permits being set forth on  Exhibit
"A" attached hereto and incorporated herein by reference.

     IN WITNESS  WHEREOF, the  Assignor has  executed the  within Assignment  of
Licenses and Permits effective as of this      day of July, 1996.


                         ANGELES PARTNERS XIV, a
                         California limited partnership

                         By:  Angeles Realty Corporation II, a
                              California corporation
                              (General Partner)
ATTEST:


/s/Kelley M. Buechler    By:  /s/Robert D. Long, Jr.
Assistant Secretary
                         Its: Vice President