CHARTER MUNICIPAL MORTGAGE ACCEPTANCE CO
S-4, EX-23.7, 2000-08-03
REAL ESTATE
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                                                                    Exhibit 23.7


                        CONSENT OF FIRST UNION SECURITIES



         We  consent to the use of our name,  First  Union  Securities,  and the
discussion  of our proposed  role in  connection  with the proposed  merger,  as
described   in   the   section    entitled   "The   Merger"   in   the   Consent
Statement-Prospectus  for American  Tax Exempt Bond Trust,  which is included as
part of the Registration  Statement on Form S-4 for Charter  Municipal  Mortgage
Acceptance Company.

Date:  August 2, 2000                         /s/  Leah R.Wehinger
                                              --------------------
                                              Senior Vice President
                                              First Union Securities, Inc.


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