CORPORATE INCOME FUND PREFERRED SEC PORT SER 101 DEF ASS FND, 487, EX-99.C1, 2000-08-10

CORPORATE INCOME FUND PREFERRED SEC PORT SER 101 DEF ASS FND
487, EX-99.C1, 2000-08-10

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                                                                     EXHIBIT 5.1
                       CONSENT OF INDEPENDENT ACCOUNTANTS


The Sponsors and Trustee of Corporate Income Fund,
Preferred Securities Portfolio Series 101, Defined Asset Funds:



We consent to the use in this Registration Statement No. 333-30446 of our report
dated August 10, 2000 relating to the Statement of Condition of Corporate Income
Fund, Preferred Securities Portfolio Series 101, Defined Asset Funds and to the
reference to us under the heading "How The Fund Works--Auditors" in the
Prospectus which is a part of this Registration Statement.



DELOITTE & TOUCHE LLP
New York, NY
August 10, 2000