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, 1999, included in the 1998 Annual Report to the Partners
of American Income Fund I-B, a Massachusetts Limited Partnership.




ERNST & YOUNG LLP



Boston, Massachusetts
March 10, 1999

















                                      -15-