ATEL CAPITAL EQUIPMENT FUND IX LLC
S-1/A, EX-23.1, 2000-10-31
EQUIPMENT RENTAL & LEASING, NEC
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                                  EXHIBIT 23.1


<PAGE>


               CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS


We consent to the  reference to our firm under the caption  "Experts" and to the
use of our report dated  October 9, 2000,  with respect to the balance  sheet of
ATEL Capital  Equipment  Fund IX, LLC (a  development  stage  enterprise) as of
October 6, 2000, and the related  statements of changes in members'  capital and
cash flows for the period from September 27, 2000 (inception) through October 6,
2000, and our report dated September 15, 2000, with respect to the  consolidated
balance sheet of ATEL Financial  Corporation and subsidiary as of July 31, 2000,
in Amendment No. 1 to the  Registration  Statement (Form S-1 No.  333-47196) and
related  Prospectus of ATEL Capital  Equipment Fund IX, LLC (a development stage
enterprise) for the registration of 15,000,000 limited liability company units.




San Francisco, California
October 30, 2000





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