CHARTER MUNICIPAL MORTGAGE ACCEPTANCE CO
S-4, EX-23.2, 2000-08-03
REAL ESTATE
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                                                                    Exhibit 23.2

INDEPENDENT AUDITORS' CONSENT



We   consent   to   the    incorporation    by   reference   in   this   consent
statement-prospectus of American Tax Exempt Bond Trust of our report dated March
14,  2000,  appearing  in the Annual  Report on Form 10-K of  Charter  Municipal
Mortgage  Acceptance  Company  for the year ended  December  31, 1999 and to the
reference    to   us   under   the   heading    "Experts"    in   such   consent
statement-prospectus.

/s/  Deloitte & Touche LLP

New York, New York

August 1, 2000


NY/293527.1




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