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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. 333-00483), 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.
    
 
   
                                   /s/  ERNST & YOUNG, LLP
    
 
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Princeton, New Jersey
    
   
April 12, 1996