Exhibit 23.2

               CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS

We consent to the  incorporation  by  reference in the  Registration  Statements
(Form S-8 No.  333-105191)  pertaining to the THERMOGENESIS  CORP.  Amended 1998
Employee  Equity  Incentive  Plan,  (Form  S-8  Nos.  333-28653  and  333-08661)
pertaining to the THERMOGENESIS  CORP. Amended 1994 Stock Option Plan, (Form S-8
Nos.  333-46911  and  333-37228)  pertaining  to the  THERMOGENESIS  CORP.  1998
Employee  Equity  Incentive  Plan,  (Form S-8 No.  333-82900)  pertaining to the
THERMOGENESIS   CORP.   Amended  1998  Employee  Equity   Incentive  Plan,  2002
Independent  Directors  Equity  Incentive  Plan, and  Non-Qualified  Independent
Director  Stock  Option  Agreement,  and  (Form S-3 Nos.  333-61118,  333-23097,
333-01479,  333-44151,  333-72035,  333-95143,  333-86312,  and  333-104671)  of
THERMOGENESIS  CORP. and in the related  Prospectuses of our report dated August
15, 2003, with respect to the financial statements and schedule of THERMOGENESIS
CORP.  included  in the Annual  Report  (Form  10-K) for the year ended June 30,
2003.


                                                   /s/ ERNST & YOUNG LLP


Sacramento, California
September 19, 2003