Board of Directors
Damen Financial Corporation
200 West Higgins Road
Schaumburg, Illinois  60195

Members of the Board:

     We consent to the incorporation by reference in this
Registration Statement on Form S-8 of Damen Financial
Corporation (the "Company") of our report on the financial
statements included in the Company's Annual Report on Form
10-K for the ten months ended September 30, 1995 and the years
ended November 30, 1994 and 1993 filed pursuant to the
Securities Exchange Act of 1934, as amended.




                           /S/COBITZ, VANDENBERG & FENNESSY 

                           COBITZ, VANDENBERG & FENNESSY



Hickory Hills, Illinois
May 20, 1996