EXHIBIT 23(f)

                  CONSENT OF MORGAN KEEGAN & CO. INCORPORATED



 

[LETTERHEAD OF MORGAN KEEGAN & COMPANY APPEARS HERE]





                   CONSENT OF MORGAN KEEGAN & COMPANY, INC.

Morgan Keegan & Company, Inc. ("Morgan Keegan") 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 Morgan Keegan 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.


                                           Morgan Keegan & Company, Inc.


                                           By: /s/ Randolph C. Coley
                                              -----------------------------
                                           Randolph C. Coley
                                           Managing Director



October 15, 1996