AEI REAL ESTATE FUND 85-B LTD PARTNERSHIP
10QSB/A, 1995-08-04
REAL ESTATE
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             SECURITIES AND EXCHANGE COMMISSION  
                   Washington, D.C.  20549  
                                
                         FORM 10-QSB  
                         AMENDMENT #1 
         Quarterly Report Under Section 13 or 15(d)  
           of The Securities Exchange Act of 1934  
                                
           For the Quarter Ended:  March 31, 1995  
                                
              Commission file number:  0-14264  
                                
                                
          AEI REAL ESTATE FUND 85-B LIMITED PARTNERSHIP  
  (Exact Name of Small Business Issuer as Specified in its  
                          Charter)  
  
  
      State of Minnesota                   41-1525197  
(State or other Jurisdiction of         (I.R.S. Employer  
Incorporation or Organization)        Identification No.)  
  
  
1300 Minnesota World Trade Center, St. Paul, Minnesota 55101  
          (Address of Principal Executive Offices)  
                                
                        (612) 227-7333  
                 (Issuer's telephone number)  
                                
                                
                       Not Applicable  
   (Former name, former address and former fiscal year, if  
                 changed since last report)  
                                
Check  whether the issuer (1) filed all reports required  to  
be  filed  by Section 13 or 15(d) of the Securities Exchange  
Act  of  1934  during the preceding 12 months (or  for  such  
shorter period that the registrant was required to file such  
reports),   and  (2)  has  been  subject  to   such   filing  
requirements for the past 90 days.  
  
                      Yes   X         No  
                                
       Transitional Small Business Disclosure Format:  
                                
                      Yes             No    X 


Financial Data Schedules were erroneously omitted in orignal filing.



 
SIGNATURES  
                                
      In  accordance with the requirements of  the  Exchange  
Act,  the Registrant has caused this report to be signed  on  
its behalf by the undersigned, thereunto duly authorized.  
  
  
Dated:  August 4, 1995        AEI Real Estate Fund 85-B  
                              Limited Partnership  
                              By:  Net Lease Management 85-B, Inc.  
                              Its: Managing General Partner  
  
  
  
                              By: /s/ Robert P. Johnson  
                                      Robert P. Johnson  
                                      President  
  
  
  
                              By: /s/ Mark E. Larson  
                                      Mark E. Larson  
                                      Chief Financial Officer  
  
  



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<CIK> 0000771677
<NAME> AEI REAL ESTATE FUND 85-B LTD PARTNERSHIP
       
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