SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549
                                
                           FORM 10-QSB
                                
           Quarterly Report Under Section 13 or 15(d)
             of The Securities Exchange Act of 1934
                                
              For the Quarter Ended:  June 30, 1998
                                
                Commission file number:  0-14089
                                
                                
             AEI REAL ESTATE FUND XV LIMITED PARTNERSHIP
(Exact Name of Small Business Issuer as Specified in its Charter)


      State of Delaware                    93-0926134
(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]
                                
                                
                                
                                
           AEI REAL ESTATE FUND XV LIMITED PARTNERSHIP
                                
                                
                              INDEX
                                
                                
                                                     

PART I. Financial Information

  Item 1. Balance Sheet as of June 30, 1998 and December 31, 1997     

          Statements for the Periods ended June 30, 1998 and 1997:

            Income                                     

            Cash Flows                                 

            Changes in Partners' Capital               

          Notes to Financial Statements               

  Item 2. Management's Discussion and Analysis               

PART II.  Other Information

  Item 1. Legal Proceedings                          

  Item 2. Changes in Securities                      

  Item 3. Defaults Upon Senior Securities            

  Item 4. Submission of Matters to a Vote of Security  Holders

  Item 5. Other Information                          

  Item 6. Exhibits and Reports on Form 8-K           

<PAGE>
           AEI REAL ESTATE FUND XV LIMITED PARTNERSHIP

                          BALANCE SHEET
                                
               JUNE 30, 1998 AND DECEMBER 31, 1997
                                
                           (Unaudited)
                                
                             ASSETS

                                                      1998          1997

CURRENT ASSETS:
  Cash and Cash Equivalents                      $   511,032    $   939,969
  Receivables                                         22,250         15,446
                                                  -----------    -----------
      Total Current Assets                           533,282        955,415
                                                  -----------    -----------
INVESTMENTS IN REAL ESTATE:
  Land                                             2,036,860      2,036,860
  Buildings and Equipment                          3,686,945      3,686,945
  Construction in Progress                           454,224         46,997
  Property Acquisition Costs                          54,470         67,523
  Accumulated Depreciation                        (1,179,561)    (1,120,795)
                                                  -----------    -----------
      Net Investments in Real Estate               5,052,938      4,717,530
                                                  -----------    -----------
          Total Assets                           $ 5,586,220    $ 5,672,945
                                                  ===========    ===========
                                
                                
                      LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES:
  Payable to AEI Fund Management, Inc.           $    18,698    $    32,430
  Distributions Payable                              116,905        116,671
  Deferred Income                                     29,473         15,480
                                                  -----------    -----------
      Total Current Liabilities                      165,076        164,581
                                                  -----------    -----------

DEFERRED INCOME - Net Of Current Portion             132,876        140,617

PARTNERS' CAPITAL (DEFICIT):
  General Partners                                   (10,578)        (9,783)
  Limited Partners, $1,000 Unit value;
   7,500 Units authorized and issued;
   7,337 Units outstanding                         5,298,846      5,377,530
                                                  -----------    -----------
      Total Partners' Capital                      5,288,268      5,367,747
                                                  -----------    -----------
        Total Liabilities and Partners' Capital  $ 5,586,220    $ 5,672,945
                                                  ===========    ===========

 The accompanying notes to financial statements are an integral
                     part of this statement.
</PAGE>
<PAGE>                                
           AEI REAL ESTATE FUND XV LIMITED PARTNERSHIP
                                
                       STATEMENT OF INCOME
                                
                  FOR THE PERIODS ENDED JUNE 30
                                
                           (Unaudited)
                                

                                 Three Months Ended        Six Months Ended
                                6/30/98      6/30/97      6/30/98     6/30/97

INCOME:
   Rent                       $ 144,442    $ 127,758    $ 286,698   $ 263,379
   Investment Income             14,286       32,153       27,382      64,961
                               ---------    ---------    ---------   ---------
        Total Income            158,728      159,911      314,080     328,340
                               ---------    ---------    ---------   ---------

EXPENSES:
   Partnership Administration - 
    Affiliates                   26,896       28,987       53,870      53,525
   Partnership Administration 
    and Property Management - 
    Unrelated Parties             6,868        5,237       20,316      13,738
   Depreciation                  28,405       30,633       58,766      66,302
                               ---------    ---------    ---------   ---------
        Total Expenses           62,169       64,857      132,952     133,565
                               ---------    ---------    ---------   ---------

OPERATING INCOME                 96,559       95,054      181,128     194,775

GAIN ON SALE OF REAL ESTATE           0            0            0     655,641
                               ---------    ---------    ---------   ---------
NET INCOME                    $  96,559    $  95,054    $ 181,128   $ 850,416
                               =========    =========    =========   =========

NET INCOME ALLOCATED:
   General Partners           $     966    $     951    $   1,811   $   8,504
   Limited Partners              95,593       94,103      179,317     841,912
                               ---------    ---------    ---------   ---------
                              $  96,559    $  95,054    $ 181,128   $ 850,416
                               =========    =========    =========   =========

NET INCOME PER
  LIMITED PARTNERSHIP UNIT
  (7,337 and 7,354 weighted average
  Units outstanding in 1998 and 1997,
  respectively)               $   13.03    $   12.79    $   24.44   $  114.48
                               =========    =========    =========   =========



 The accompanying Notes to Financial Statements are an integral
                     part of this statement.
</PAGE>
<PAGE>
           AEI REAL ESTATE FUND XV LIMITED PARTNERSHIP
                                
                     STATEMENT OF CASH FLOWS
                                
                  FOR THE PERIODS ENDED JUNE 30
                                
                           (Unaudited)
                                
                                                       1998            1997
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net  Income                                    $   181,128     $   850,416

   Adjustments to Reconcile Net Income to Net Cash
   Provided by Operating Activities:
     Depreciation                                      58,766          66,302
     Gain on Sale of Real Estate                            0        (655,641)
     (Increase) Decrease in Receivables                (6,804)          9,945
     Decrease in Payable to
        AEI Fund Management, Inc.                     (13,732)         (9,579)
     Increase in Deferred Income                        6,252           6,184
                                                   -----------     -----------
        Total Adjustments                              44,482        (582,789)
                                                   -----------     -----------
        Net Cash Provided By
        Operating Activities                          225,610         267,627
                                                   -----------     -----------
CASH FLOWS FROM INVESTING ACTIVITIES:
   Investments in Real Estate                        (394,174)              0
   Proceeds from Sale of Real Estate                        0         298,342
   Payments Received on Note Receivable                     0       1,003,000
                                                   -----------     -----------
        Net Cash Provided By (Used For)
        Investing Activities                         (394,174)      1,301,342
                                                   -----------     -----------
CASH FLOWS FROM FINANCING ACTIVITIES:
   Increase in Distributions Payable                      234         202,008
   Distributions to Partners                         (260,607)       (470,950)
                                                   -----------     -----------
        Net Cash Used For
        Financing Activities                         (260,373)       (268,942)
                                                   -----------     -----------
NET INCREASE (DECREASE) IN CASH
   AND CASH EQUIVALENTS                              (428,937)      1,300,027

CASH AND CASH EQUIVALENTS, beginning of period        939,969         884,120
                                                   -----------     -----------
CASH AND CASH EQUIVALENTS, end of period          $   511,032     $ 2,184,147
                                                   ===========     ===========

SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING ACTIVITIES:
  Note Receivable Acquired in Sale of Property    $         0     $ 1,003,000
                                                   ===========     ===========
                                
 The accompanying Notes to Financial Statements are an integral
                     part of this statement.
</PAGE>
<PAGE>
                                
           AEI REAL ESTATE FUND XV LIMITED PARTNERSHIP
                                
            STATEMENT OF CHANGES IN PARTNERS' CAPITAL
                                
                  FOR THE PERIODS ENDED JUNE 30
                                
                           (Unaudited)
                                
                                
                                                                    Limited
                                                                  Partnership
                               General      Limited                  Units
                               Partners     Partners    Total     Outstanding


BALANCE, December 31, 1996   $ (12,195)  $ 5,138,732  $ 5,126,537    7,353.55

  Distributions                 (4,710)     (466,240)    (470,950)

  Net Income                     8,504       841,912      850,416
                              ---------   -----------  -----------  ----------
BALANCE, June 30, 1997       $  (8,401)  $ 5,514,404  $ 5,506,003    7,353.55
                              =========   ===========  ===========  ==========


BALANCE, December 31, 1997   $  (9,783)  $ 5,377,530  $ 5,367,747    7,336.55

  Distributions                 (2,606)     (258,001)    (260,607)

  Net Income                     1,811       179,317      181,128
                              ---------   -----------  -----------  ----------
BALANCE, June 30, 1998       $ (10,578)  $ 5,298,846  $ 5,288,268    7,336.55
                              =========   ===========  ===========  ==========


 The accompanying Notes to Financial Statements are an integral
                     part of this statement.
</PAGE>
<PAGE>
                                
           AEI REAL ESTATE FUND XV LIMITED PARTNERSHIP
                                
                  NOTES TO FINANCIAL STATEMENTS
                                
                          JUNE 30, 1998
                                
                           (Unaudited)
                                

(1)  The  condensed  statements included herein have been  prepared
     by  the Partnership, without audit, pursuant to the rules  and
     regulations  of  the Securities and Exchange  Commission,  and
     reflect   all  adjustments  which  are,  in  the  opinion   of
     management,  necessary to a fair statement of the  results  of
     operations for the interim period, on a basis consistent  with
     the  annual audited statements.  The adjustments made to these
     condensed   statements  consist  only  of   normal   recurring
     adjustments.   Certain information, accounting  policies,  and
     footnote    disclosures   normally   included   in   financial
     statements  prepared  in  accordance with  generally  accepted
     accounting principles have been condensed or omitted  pursuant
     to  such  rules  and  regulations,  although  the  Partnership
     believes  that  the  disclosures  are  adequate  to  make  the
     information  presented not misleading.  It is  suggested  that
     these  condensed financial statements be read  in  conjunction
     with  the  financial statements and the summary of significant
     accounting  policies  and  notes  thereto  included   in   the
     Partnership's latest annual report on Form 10-KSB.

(2)  Organization -

     AEI  Real  Estate Fund XV Limited Partnership  (Partnership)
     was  formed  to  acquire and lease commercial properties  to
     operating tenants.  The Partnership's operations are managed
     by  AEI  Fund  Management  86-A, Inc.  (AFM),  the  Managing
     General Partner of the Partnership.  Robert P. Johnson,  the
     President  and  sole  shareholder  of  AFM,  serves  as  the
     Individual General Partner of the Partnership.  An affiliate
     of  AFM,  AEI  Fund  Management, Inc.  (AEI),  performs  the
     administrative and operating functions for the Partnership.
     
     The   terms   of  the  Partnership  offering  call   for   a
     subscription  price of $1,000 per Limited Partnership  Unit,
     payable   on  acceptance  of  the  offer.   The  Partnership
     commenced  operations  on  October  3,  1986  when   minimum
     subscriptions    of   1,300   Limited   Partnership    Units
     ($1,300,000)  were  accepted.  On  December  30,  1986,  the
     Partnership's   offering   terminated   when   the   maximum
     subscription  limit  of  7,500  Limited  Partnership   Units
     ($7,500,000) was reached.
     
     Under  the  terms of the Limited Partnership Agreement,  the
     Limited  Partners and General Partners contributed funds  of
     $7,500,000  and $1,000, respectively.  During the  operation
     of the Partnership, any Net Cash Flow, as defined, which the
     General Partners determine to distribute will be distributed
     90% to the Limited Partners and 10% to the General Partners;
     provided,  however, that such distributions to  the  General
     Partners will be subordinated to the Limited Partners  first
     receiving an annual, noncumulative distribution of Net  Cash
     Flow equal to 10% of their Adjusted Capital Contribution, as
     defined,  and, provided further, that in no event  will  the
     General Partners receive less than 1% of such Net Cash  Flow
     per  annum.  Distributions to Limited Partners will be  made
     pro rata by Units.
     
                                
           AEI REAL ESTATE FUND XV LIMITED PARTNERSHIP
                                
                  NOTES TO FINANCIAL STATEMENTS
                           (Continued)
                                
(2)  Organization - (Continued)

     Any  Net  Proceeds  of Sale, as defined, from  the  sale  or
     financing of the Partnership's properties which the  General
     Partners determine to distribute will, after provisions  for
     debts  and  reserves, be paid in the following  manner:  (i)
     first,  99%  to the Limited Partners and 1% to  the  General
     Partners until the Limited Partners receive an amount  equal
     to:  (a)  their Adjusted Capital Contribution  plus  (b)  an
     amount  equal  to 6% of their Adjusted Capital  Contribution
     per  annum, cumulative but not compounded, to the extent not
     previously distributed from Net Cash Flow; (ii) next, 99% to
     the  Limited  Partners and 1% to the General Partners  until
     the Limited Partners receive an amount equal to 14% of their
     Adjusted Capital Contribution per annum, cumulative but  not
     compounded, to the extent not previously distributed;  (iii)
     next, to the General Partners until cumulative distributions
     to the General Partners under Items (ii) and (iii) equal 15%
     of cumulative distributions to all Partners under Items (ii)
     and (iii).  Any remaining balance will be distributed 85% to
     the  Limited  Partners  and  15% to  the  General  Partners.
     Distributions to the Limited Partners will be made pro  rata
     by Units.
     
     For  tax  purposes,  profits  from  operations,  other  than
     profits  attributable  to  the  sale,  exchange,  financing,
     refinancing   or  other  disposition  of  the  Partnership's
     property,  will  be  allocated first in the  same  ratio  in
     which,  and  to the extent, Net Cash Flow is distributed  to
     the Partners for such year.  Any additional profits will  be
     allocated 90% to the Limited Partners and 10% to the General
     Partners.   In the event no Net Cash Flow is distributed  to
     the  Limited  Partners,  90% of  each  item  of  Partnership
     income,  gain  or credit for each respective year  shall  be
     allocated to the Limited Partners, and 10% of each such item
     shall be allocated to the General Partners.  Net losses from
     operations will be allocated 98% to the Limited Partners and
     2% to the General Partners.
     
     For  tax purposes, profits arising from the sale, financing,
     or  other disposition of the Partnership's property will  be
     allocated  in  accordance with the Partnership Agreement  as
     follows:  (i) first, to those Partners with deficit balances
     in  their capital accounts in an amount equal to the sum  of
     such  deficit  balances; (ii) second,  99%  to  the  Limited
     Partners  and 1% to the General Partners until the aggregate
     balance in the Limited Partners' capital accounts equals the
     sum  of the Limited Partners' Adjusted Capital Contributions
     plus  an  amount  equal  to 14% of  their  Adjusted  Capital
     Contributions  per annum, cumulative but not compounded,  to
     the  extent  not previously allocated; (iii) third,  to  the
     General Partners until cumulative allocations to the General
     Partners equal 15% of cumulative allocations.  Any remaining
     balance  will  be allocated 85% to the Limited Partners  and
     15%  to the General Partners.  Losses will be allocated  98%
     to the Limited Partners and 2% to the General Partners.
     
     The  General Partners are not required to currently  fund  a
     deficit capital balance. Upon liquidation of the Partnership
     or  withdrawal  by  a General Partner, the General  Partners
     will  contribute to the Partnership an amount equal  to  the
     lesser of the deficit balances in their capital accounts  or
     1%  of total Limited Partners' and General Partners' capital
     contributions.
     
                                
           AEI REAL ESTATE FUND XV LIMITED PARTNERSHIP
                                
                  NOTES TO FINANCIAL STATEMENTS
                           (Continued)
                                
(3)  Investments in Real Estate -

     On  January  24,  1997, the Partnership sold the  Children's
     World  daycare  center in Moreno Valley, California,  to  an
     unrelated third party.  The Partnership recognized net  sale
     proceeds  of  $1,301,342, which resulted in a  net  gain  of
     $655,641.   At  the  time  of sale,  the  cost  and  related
     accumulated  depreciation of the property was  $963,717  and
     $318,016,  respectively.  As part of the sale proceeds,  the
     Partnership received a Promissory Note for $1,003,000.   The
     Note  bears interest at a 10% rate.  On April 23, 1997,  the
     Partnership  received the principal balance and  outstanding
     accrued  interest on the Note.  Investment income earned  on
     the Note was $24,456.
     
     In  June, 1997, the Partnership distributed $202,020 of  the
     net  sale proceeds to the Limited and General Partners which
     represented  a  return  of capital  of  $27.20  per  Limited
     Partnership  Unit.   The majority of the remaining  proceeds
     will be reinvested in additional property.
     
     On  November 18, 1997, the Partnership purchased  a  30.794%
     interest  in  a  Timber  Lodge  Steakhouse  in  St.   Cloud,
     Minnesota  for $510,635.  The property is leased  to  Timber
     Lodge  Steakhouse,  Inc.  under a  Lease  Agreement  with  a
     primary  term  of  20  years and annual rental  payments  of
     $51,537.  The remaining interests in the property are  owned
     by  AEI  Real Estate Fund XVII Limited Partnership  and  AEI
     Institutional  Net  Lease  Fund  '93  Limited   Partnership,
     affiliates of the Partnership.
     
     On  December  23, 1997, the Partnership purchased  a  26.05%
     interest in a parcel of land in Troy, Michigan for $393,620.
     The  land is leased to Champps Entertainment, Inc. (Champps)
     under a Lease Agreement with a primary term of 20 years  and
     annual rental payments of $27,553.  Effective June 20, 1998,
     the  annual  rent was increased to $41,330.   Simultaneously
     with  the purchase of the land, the Partnership entered into
     a   Development   Financing  Agreement   under   which   the
     Partnership   will  advance  funds  to   Champps   for   the
     construction of a Champps Americana restaurant on the  site.
     Through June 30, 1998, the Partnership had advanced $454,224
     for  the  construction  of  the property  and  was  charging
     interest  on  the advances at a rate of 7%.  Effective  June
     20,  1998,  the interest rate was increased to 10.50%.   The
     Partnership's  share of the total purchase price,  including
     the  cost  of  the  land, will be approximately  $1,172,250.
     After the construction is complete, the Lease Agreement will
     be   amended   to   require  annual   rental   payments   of
     approximately  $123,000.  The Partnership has  incurred  net
     costs of $54,470 related to the acquisition of the property.
     The  costs  have been capitalized and will be  allocated  to
     land,  building and equipment.  The remaining  interests  in
     the  property are owned by AEI Real Estate Fund XVII Limited
     Partnership, AEI Real Estate Fund XVIII Limited  Partnership
     and   AEI  Net  Lease  Income  &  Growth  Fund  XIX  Limited
     Partnership, affiliates of the Partnership.
     
                                
           AEI REAL ESTATE FUND XV LIMITED PARTNERSHIP
                                
                  NOTES TO FINANCIAL STATEMENTS
                           (Continued)
                                
(3)  Investments in Real Estate - (Continued)

     The Partnership owns a 44.9042% interest in a restaurant  in
     Waco, Texas, which was previously closed.  In June 1995, the
     Partnership  re-leased the restaurant to Tex-Mex  Cocina  of
     Waco,  L.C.   The  Lease Agreement had  a  primary  term  of
     eighteen  months with an annual rental payment  of  $24,248.
     The  Partnership could also receive additional rent if gross
     receipts   from  the  property  exceeded  certain  specified
     amounts.   In  December,  1997, the lessee  elected  not  to
     exercise  the  renewal option in the lease.  The  restaurant
     was  closed  and  is listed for sale or  lease.   While  the
     property is vacant, the Partnership is responsible  for  the
     real  estate taxes and other costs required to maintain  the
     property.
     
     As  of  December  31, 1997, based on an analysis  of  market
     conditions in the area, it was determined the fair value  of
     the   Partnership's  interest  in  the  Waco  property   was
     approximately $314,400.  In the fourth quarter  of  1997,  a
     charge  to operations for real estate impairment of  $80,300
     was  recognized,  which is the difference between  the  book
     value  at  December 31, 1997 of $394,700 and  the  estimated
     fair value of $314,400.  The charge was recorded against the
     cost of the land and building.
     
(4)  Payable to AEI Fund Management -

     AEI  Fund  Management, Inc. performs the administrative  and
     operating functions for the Partnership.  The payable to AEI
     Fund   Management  represents  the  balance  due  for  those
     services.    This  balance  is  non-interest   bearing   and
     unsecured  and  is  to  be  paid in  the  normal  course  of
     business.

(5)  Deferred Income -

     In  June,  1994, Fuddruckers, Inc., the restaurant concept's
     franchisor,  acquired  the  operations  of  the  Fuddruckers
     restaurant  in  St. Louis, Missouri, and assumed  the  lease
     obligations  from  the  original lessee.   As  part  of  the
     agreement,  the Partnership amended the Lease to reduce  the
     annual base rent from $163,550 to $138,246.  The Partnership
     could  receive additional rent in the future if 10% of gross
     receipts  from  the  property  exceed  the  base  rent.   In
     consideration  for the lease assumption and  amendment,  the
     Partnership  received a lump sum payment from  the  original
     lessee of $210,277.  The lump sum payment will be recognized
     as  income  over  the  remainder of the  Lease  term,  which
     expires  January 31, 2008, using the straight  line  method.
     As  of  June 30, 1998 and December 31, 1997, the Partnership
     has  recognized $61,920 and $54,180, respectively,  of  this
     payment as income.  At June 30, 1998, the remaining deferred
     income of $13,993 was prepaid rent related to certain  other
     Partnership properties.


ITEM 2.MANAGEMENT'S DISCUSSION AND ANALYSIS

Results of Operations

        For  the  six  months ended June 30, 1998 and  1997,  the
Partnership  recognized rental income of $286,698  and  $263,379,
respectively.   During the same periods, the  Partnership  earned
investment income of $27,382 and $64,961, respectively.  In 1998,
rental  income increased as a result of the reinvestment  of  net
sale  proceeds  in  additional properties discussed  below.   The
increase  in rental income was partially offset by a decrease  in
rental income from the property in Waco, Texas and a decrease  in
investment  income  earned  on the  net  proceeds  prior  to  the
purchase of the additional properties.

        The  Partnership owns a 44.9042% interest in a restaurant
in  Waco, Texas, which was previously closed.  In June 1995,  the
Partnership re-leased the restaurant to Tex-Mex Cocina  of  Waco,
L.C.   The Lease Agreement had a primary term of eighteen  months
with  an annual rental payment of $24,248.  The Partnership could
also  receive additional rent if gross receipts from the property
exceeded  certain  specified amounts.   In  December,  1997,  the
lessee  elected not to exercise the renewal option in the  lease.
The restaurant was closed and is listed for sale or lease.  While
the  property is vacant, the Partnership is responsible  for  the
real  estate  taxes  and  other costs required  to  maintain  the
property.

        As  of  December 31, 1997, based on an analysis of market
conditions in the area, it was determined the fair value  of  the
Partnership's  interest  in the Waco property  was  approximately
$314,400.   In the fourth quarter of 1997, a charge to operations
for  real  estate impairment of $80,300 was recognized, which  is
the  difference between the book value at December  31,  1997  of
$394,700  and the estimated fair value of $314,400.   The  charge
was recorded against the cost of the land and building.

        During  the six months ended June 30, 1998 and 1997,  the
Partnership   paid   Partnership   administration   expenses   to
affiliated  parties of $53,870 and $53,525, respectively.   These
administration  expenses  include  costs  associated   with   the
management of the properties, processing distributions, reporting
requirements  and correspondence to the Limited Partners.  During
the   same   periods,   the  Partnership   incurred   Partnership
administration  and property management expenses  from  unrelated
parties  of  $20,316 and $13,738, respectively.   These  expenses
represent  direct payments to third parties for legal and  filing
fees,  direct administrative costs, outside audit and  accounting
costs,  taxes, insurance and other property costs.  The  increase
in  expenses  in 1998, when compared to 1997, is  mainly  due  to
expenses incurred in 1998 related to the Waco property.

        As  of  June 30, 1998, the Partnership's annualized  cash
distribution  rate  was  7.5%,  based  on  the  Adjusted  Capital
Contribution.   Distributions of Net Cash  Flow  to  the  General
Partners were subordinated to the Limited Partners as required in
the Partnership Agreement.  As a result, 99% of distributions and
income  were allocated to Limited Partners and 1% to the  General
Partners.

        Inflation  has  had  a  minimal  effect  on  income  from
operations.   It is expected that increases in sales  volumes  of
the  tenants, due to inflation and real sales growth, will result
in  an  increase in rental income over the terms of  the  leases.
Inflation  also  may  cause  the  Partnership's  real  estate  to
appreciate in value.  However, inflation and changing prices  may
also  have  an  adverse impact on the operating  margins  of  the
properties' tenants which could impair their ability to pay  rent
and subsequently reduce the Partnership's Net Cash Flow available
for distributions.


ITEM 2.MANAGEMENT'S DISCUSSION AND ANALYSIS  (Continued)

        AEI  Fund  Management, Inc. (AEI) performs all management
services  for  the Partnership.  AEI is currently  analyzing  its
computer hardware and software systems to determine what, if any,
resources  need to be dedicated regarding Year 2000 issues.   The
Partnership  does  not  anticipate  any  significant  operational
impact  or  incurring material costs as a result of AEI  becoming
Year 2000 compliant.

Liquidity and Capital Resources

         During   the  six  months  ended  June  30,  1998,   the
Partnership's cash balances decreased $428,937 mainly as a result
of  the  reinvestment  of  net sale  proceeds  in  an  additional
property.   Net  cash provided by operating activities  decreased
from $267,627 in 1997 to $225,610 in 1998 mainly as a result of a
decrease  in income and an increase in expenses in 1998  and  net
timing differences in the collection of payments from the lessees
and the payment of expenses.

        The  major components of the Partnership's cash flow from
investing activities are investments in real estate and  proceeds
from  the sale of real estate.  During the six months ended  June
30,  1997, the Partnership generated cash flow from the  sale  of
real estate of $1,301,342.  During the six months ended June  30,
1998,  the  Partnership  expended  $394,174  to  invest  in  real
properties (inclusive of acquisition expenses) as the Partnership
reinvested the cash generated from the property sales.

        On  January 24, 1997, the Partnership sold the Children's
World  daycare  center  in  Moreno  Valley,  California,  to   an
unrelated  third  party.   The Partnership  recognized  net  sale
proceeds of $1,301,342, which resulted in a net gain of $655,641.
At   the   time   of  sale,  the  cost  and  related  accumulated
depreciation   of  the  property  was  $963,717   and   $318,016,
respectively.   As  part  of the sale proceeds,  the  Partnership
received  a  Promissory  Note  for $1,003,000.   The  Note  bears
interest  at  a  10%  rate.  On April 23, 1997,  the  Partnership
received  the principal balance and outstanding accrued  interest
on the Note.  Investment income earned on the Note was $24,456.

       In June, 1997, the Partnership distributed $202,020 of the
net  sale  proceeds  to  the Limited and General  Partners  which
represented a return of capital of $27.20 per Limited Partnership
Unit.   The majority of the remaining proceeds will be reinvested
in additional property.

        On November 18, 1997, the Partnership purchased a 30.794%
interest in a Timber Lodge Steakhouse in St. Cloud, Minnesota for
$510,635.   The  property is leased to Timber  Lodge  Steakhouse,
Inc. under a Lease Agreement with a primary term of 20 years  and
annual  rental payments of $51,537.  The remaining  interests  in
the  property  are  owned by AEI Real Estate  Fund  XVII  Limited
Partnership  and  AEI Institutional Net Lease  Fund  '93  Limited
Partnership, affiliates of the Partnership.


ITEM 2.MANAGEMENT'S DISCUSSION AND ANALYSIS  (Continued)

        On  December 23, 1997, the Partnership purchased a 26.05%
interest in a parcel of land in Troy, Michigan for $393,620.  The
land  is leased to Champps Entertainment, Inc. (Champps) under  a
Lease Agreement with a primary term of 20 years and annual rental
payments  of  $27,553.  Effective June 20, 1998, the annual  rent
was  increased to $41,330.  Simultaneously with the  purchase  of
the  land,  the Partnership entered into a Development  Financing
Agreement  under  which  the Partnership will  advance  funds  to
Champps for the construction of a Champps Americana restaurant on
the  site.   Through June 30, 1998, the Partnership had  advanced
$454,224  for  the construction of the property and was  charging
interest  on  the advances at a rate of 7%.  Effective  June  20,
1998,   the   interest  rate  was  increased  to   10.50%.    The
Partnership's  share of the total purchase price,  including  the
cost  of  the land, will be approximately $1,172,250.  After  the
construction is complete, the Lease Agreement will be amended  to
require  annual rental payments of approximately  $123,000.   The
Partnership  has  incurred net costs of $54,470  related  to  the
acquisition of the property.  The costs have been capitalized and
will be allocated to land, building and equipment.  The remaining
interests in the property are owned by AEI Real Estate Fund  XVII
Limited   Partnership,  AEI  Real  Estate  Fund   XVIII   Limited
Partnership  and AEI Net Lease Income & Growth Fund  XIX  Limited
Partnership, affiliates of the Partnership.

       The Partnership's primary use of cash flow is distribution
and  redemption  payments to Partners.  The Partnership  declares
its  regular  quarterly  distributions before  the  end  of  each
quarter and pays the distribution in the first week after the end
of  each quarter.  The Partnership attempts to maintain a  stable
distribution  rate from quarter to quarter.  Redemption  payments
are  paid  to  redeeming Partners in the fourth quarter  of  each
year.   In  June,  1997,  the Partnership  distributed  net  sale
proceeds  of  $202,020 to the Partners as part of  their  regular
quarterly  distribution.  As a result, distributions  during  the
first six months of 1997 were higher than in 1998.

        The  Partnership may acquire Units from Limited  Partners
who have tendered their Units to the Partnership.  Such Units may
be  acquired at a discount.  The Partnership is not obligated  to
purchase  in any year more than 5% of the total number  of  Units
outstanding at the beginning of the year.  In no event shall  the
Partnership  be  obligated to purchase  Units  if,  in  the  sole
discretion  of the Managing General Partner, such purchase  would
impair the capital or operation of the Partnership.

        During 1997, two Limited Partners redeemed a total of  17
Partnership  Units for $8,618 in accordance with the  Partnership
Agreement.  The Partnership acquired these Units using  Net  Cash
Flow  from  operations.   In prior years,  a  total  of  nineteen
Limited   Partners  redeemed  146.5  Units  for  $106,842.    The
redemptions increase the remaining Limited Partners' ownership in
the Partnership.

       The continuing rent payments from the properties, together
with  cash generated from the property sales, should be  adequate
to  fund  continuing  distributions and  meet  other  Partnership
obligations on both a short-term and long-term basis.


                   PART II - OTHER INFORMATION
                                
ITEM 1.LEGAL PROCEEDINGS

       There  are no material pending legal proceedings to  which
  the  Partnership  is  a  party or of  which  the  Partnership's
  property is subject.

                   PART II - OTHER INFORMATION
                           (Continued)
                                
ITEM 2.CHANGES IN SECURITIES

      None.

ITEM 3.DEFAULTS UPON SENIOR SECURITIES

      None.

ITEM 4.SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

      None.

ITEM 5.OTHER INFORMATION

      None.

ITEM 6.EXHIBITS AND REPORTS ON FORM 8-K

      a. Exhibits -
                          Description

         27    Financial Data Schedule  for  period
               ended June 30, 1998.

      b. Reports filed on Form  8-K  - None.


                           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 3, 1998        AEI Real Estate Fund XV
                              Limited Partnership
                              By:  AEI Fund Management 86-A, Inc.
                              Its: Managing General Partner


                              By: /s/ Robert P Johnson
                                      Robert P. Johnson
                                      President
                                      (Principal Executive Officer)



                              By: /s/ Mark E Larson
                                      Mark E. Larson
                                      Chief Financial Officer
                                      (Principal Accounting Officer)