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-E, a Massachusetts Limited Partnership of our 
report dated March 10, 1998, included in the 1997 Annual Report to the 
Partners of American Income Fund I-E.

                                                             ERNST & YOUNG LLP


Boston, Massachusetts
March 10, 1998