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-B, 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-B.






                                                              ERNST & YOUNG LLP



Boston, Massachusetts
March 10, 1998