EXHIBIT 23(e)

                 CONSENT OF ROBERT W. BAIRD & CO. INCORPORATED

 


                 CONSENT OF ROBERT W. BAIRD & CO. INCORPORATED


Robert W. Baird & Co. Incorporated ("Baird") hereby consents to the inclusion in
the Joint Proxy Statement/Prospectus of Hinsdale Financial Corporation and 
Liberty Bancorp, Inc., filed as part of this Registration Statement on form S-4 
of Hinsdale Financial Corporation, of its opinion dated October 17, 1996, and to
the references made to Baird in the "Summary" and "Opinions of Financial 
Advisors" sections of such Joint Proxy Statement/Prospectus. In giving such 
consent, we do not thereby admit that we come within the category of persons 
whose consent is required under Section 7 of the Securities Act of 1933 or the 
rules and regulations of the Securities and Exchange Commission promulgated 
thereunder.



                                              ROBERT W. BAIRD & CO. INCORPORATED


                                              By: /s/ Ronald J. Kruszewski
                                                  ------------------------------
                                              Ronald J. Kruszewski
                                              Managing Director



October 15, 1996