EXHIBIT 23


                         CONSENT OF INDEPENDENT AUDITORS

     We consent to the incorporation by reference in this Annual Report (Form
10-K) of American Income Fund I-C, a Massachusetts Limited Partnership, of our
report dated March 30, 2001, on the financial statements of American Income Fund
I-C, included in the 2000 Annual Report to the Partners of American Income Fund
I-C, a Massachusetts Limited Partnership.


                                                /s/ ERNST & YOUNG LLP



Tampa, Florida
March 30, 2001






                     SCHEDULE 10 -- SUBSEQUENT INVESTMENTS


[The information contained in this Schedule has been omitted from the FAA filing
counterpart of this Agreement as such information is confidential and
proprietary.]