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EXHIBIT 23.1
CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS
We consent to the incorporation by reference in the Registration
Statement (Form S-8) pertaining to the 1992 Stock Plan, 2000 Stock Plan and 2000
Employee Stock Purchase Plan of Applied Molecular Evolution, Inc. of our report
dated January 27, 2000, except for Note 8 as to which the date is June 15, 2000,
and Note 9, as to which the date is July 26, 2000, with respect to the Financial
Statements of Applied Molecular Evolution, Inc. included in the Registration
Statement (Form S-1 No. 333-36830) filed with the Securities and Exchange
Commission.
ERNST & YOUNG LLP
/s/ ERNST & YOUNG LLP
San Diego, California
August 1, 2000
