<SEQUENCE>4

<FILENAME>asglsxsc.txt

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          ASSIGNMENT AND ASSUMPTION OF LEASE AGREEMENT





     FOR  VALUABLE CONSIDERATION, the receipt and sufficiency  of

which  are  hereby acknowledged, CM COLUMBIA SC, LLC, a  Delaware

limited  liability  company  ("ASSIGNOR"),  does  hereby  assign,

transfer  and set over unto AEI INCOME & GROWTH FUND  23  LLC,  a

Delaware  limited liability company, as to an undivided  thirteen

and  a  half percent (13.5%) interest as a tenant in common,  AEI

ACCREDITED  INVESTOR FUND V LP, a Minnesota limited  partnership,

as  to an undivided forty-five percent (45%) interest as a tenant

in   common,  and  AEI  ACCREDITED  INVESTOR  FUND  2002  LIMITED

PARTNERSHIP, a Minnesota limited partnership, as to an  undivided

forty-one  and  a half percent (41.5%) interest as  a  tenant  in

common,  (collectively,  "ASSIGNEE"), all  of  Assignor's  right,

title, interest, claim and estate as landlord in and to the Lease

Agreement  set  forth on EXHIBIT A attached  hereto  (the  "LEASE

AGREEMENT"), which demise any part of that certain real  property

situated  in  the Columbia, South Carolina, and more particularly

described in EXHIBIT B attached hereto (the "PROPERTY"),  or  any

improvements  thereon,  PROVIDED, HOWEVER, that,  notwithstanding

anything to the contrary set forth herein or in the Agreement (as

defined below):  (i) Assignor shall retain any and all rights and

claims  under the Lease Agreement with respect to any indemnities

or  similar  rights to payment (whether in the form of additional

rent  or  otherwise)  with  respect to  events  or  circumstances

occurring  or  existing prior to the date hereof,  whenever  such

indemnities  or  similar rights arise, and  (ii)  Assignor  shall

remain liable for any claims against the landlord under the Lease

for  indemnity  obligations (whether payable  as  damages,  as  a

setoff  under  the Lease, or otherwise) arising  from  events  or

circumstances occurring prior to the Closing Date, whenever  such

indemnities  arise.  Assignee shall cooperate with  Assignor,  at

Assignor's request and expense, in collecting payment of any such

indemnity  or  similar right to payment against the tenant  under

the Lease Agreement or otherwise.



     Capitalized  terms used in this Assignment or  the  exhibits

attached  hereto and not otherwise defined herein shall have  the

meanings  ascribed  to them in that certain  Purchase  Agreement,

dated as of August 1, 2005 (as amended, the "AGREEMENT"), by  and

between Assignor, as Seller, and AEI Fund Management, Inc..  (who

assigned its rights under such Agreement to Assignee), as Buyer.



     Assignor  represents and warrants to Assignee that  Assignor

has  full power, authority and right to execute and deliver  this

Assignment.



     Assignee  hereby  assumes  all of  the  obligations  on  the

Assignor's part to be observed and performed from and  after  the

date  hereof by the landlord under the Lease Agreement.  Assignee

hereby  agrees to indemnify and hold harmless Assignor  from  and

against  any and all liability, claims, loss, costs,  damage  and

expense  (including  reasonable attorneys' fees  and  costs,  and

court costs) directly or indirectly arising out of or related  to

any  breach or default in Assignee's obligations under the  Lease

Agreement or in Assignee's obligations hereunder, from and  after

the date of this Assignment.



     Assignor  hereby  agrees  to  indemnify  and  hold  harmless

Assignee  from  and against any and all liability, claims,  loss,

costs,  damage and expense (including reasonable attorneys'  fees

and costs, and court costs) directly or indirectly arising out of

or  related  to  any breach or default in Assignor's  obligations

under the Lease Agreement, prior to the date of this Assignment.



     This  Assignment  shall be construed under and  enforced  in

accordance with the laws of the State of South Carolina.



     This  Assignment  and Assumption of Lease Agreement  may  be

relied  upon as conclusive proof that each and all of  the  Lease

Agreement have been transferred to Assignee.



     This  Assignment and Assumption of Lease Agreement shall  be

binding  upon  Assignor,  Assignee  and  their  respective  legal

representatives, successors and assigns.



     In the event any action or suit is brought by a party hereto

against  another party hereto by reason of any breach of  any  of

the  covenants, conditions, agreements or provisions on the  part

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