Exhibit 23

                         CONSENT OF INDEPENDENT AUDITORS

     We consent to the incorporation by reference in this Annual Report (Form
10-K) of American Income Partners V-B Limited Partnership of our report dated
March 10, 1998, included in the 1997 Annual Report to the Partners of American
Income Partners V-B Limited Partnership.




                                                               ERNST & YOUNG LLP


Boston, Massachusetts
March 10, 1998