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                                                                  EXHIBIT 23(IV)
 
                        CONSENT OF INDEPENDENT AUDITORS
 
     We consent to the reference to our firm under the caption "Experts" in the
Registration Statement (Form S-4 No. 33-00000) and related Prospectus of Fedders
Corporation for the registration of 7,580,069 shares each of its Convertible
Preferred and Class A stock and to the incorporation by reference therein of our
report dated October 6, 1994, with respect to the consolidated financial
statements and schedules of Fedders Corporation for the years ended August 31,
1994 and 1993 included in its Annual Report (Form 10-K) for the year ended
August 31, 1995, filed with the Securities and Exchange Commission.
 
                                          ERNST & YOUNG LLP
 
PRINCETON, NEW JERSEY
JANUARY 26, 1996