UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C. 20549

                           FORM 10-KSB

    Annual Report Under Section 13 or 15(d) of The Securities
                      Exchange Act of 1934

          For the Fiscal Year Ended:  December 31, 2006

                Commission file number:  0-19838

   AEI NET LEASE INCOME & GROWTH FUND XIX LIMITED PARTNERSHIP
         (Name of small business issuer in its charter)

       State of Minnesota                41-1677062
(State or other jurisdiction of       (I.R.S. Employer
incorporation or organization)       Identification No.)

      30 East 7th Street, Suite 1300, St. Paul, Minnesota 55101
            (Address of principal executive offices)

                           (651) 227-7333
                   (Issuer's telephone number)

Securities registered under Section 12(b) of the Exchange Act:
                                 Name of each exchange on
     Title of each class             which registered
             None                          None

Securities registered under Section 12(g) of the Exchange Act:

                      Limited Partnership Units
                        (Title of class)

Check  whether  the issuer (1) filed all reports required  to  be
filed by Section 13 or 15(d) of the Exchange Act during the  past
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

Check if disclosure of delinquent filers in response to Rule  405
of  Regulation  S-B  is  not  contained  in  this  Form,  and  no
disclosure  will  be  contained,  to  the  best  of  registrant's
knowledge,   in   definitive  proxy  or  information   statements
incorporated by reference in Part III of this Form 10-KSB or  any
amendment to this Form 10-KSB.  [X]

Indicate by check mark whether the registrant is a shell  company
(as defined in Rule 12b-2 of the Exchange Act).    Yes     No [X]

The  Issuer's revenues for the year ended December 31, 2006  were
$1,170,940.

As  of  February 28, 2007, there were 20,160.67 Units of  limited
partnership  interest outstanding and owned by  nonaffiliates  of
the  registrant, which Units had an aggregate market value (based
solely  on  the price at which they were sold since there  is  no
ready market for such Units) of $20,160,670.

               DOCUMENTS INCORPORATED BY REFERENCE

 The registrant has not incorporated any documents by reference
                        into this report.

Transitional Small Business Disclosure Format:     Yes  No [X]

                             PART I

ITEM 1.   DESCRIPTION OF BUSINESS.

       AEI Net Lease Income & Growth Fund XIX Limited Partnership
(the  "Partnership" or the "Registrant") is a limited partnership
which  was  organized  pursuant to  the  laws  of  the  State  of
Minnesota on September 14, 1990.  The registrant is comprised  of
AEI  Fund Management XIX, Inc. (AFM) as Managing General Partner,
Robert P. Johnson, the President and sole director of AFM, as the
Individual  General Partner, and purchasers of partnership  units
as  Limited  Partners.  The Partnership offered for  sale  up  to
$30,000,000  of  limited  partnership  interests  (the   "Units")
(30,000  Units  at  $1,000 per Unit) pursuant to  a  registration
statement  effective February 5, 1991. The Partnership  commenced
operations  on May 31, 1991 when minimum subscriptions  of  1,500
Limited  Partnership  Units  ($1,500,000)  were  accepted.    The
Partnership's  offering  terminated February  5,  1993  when  the
extended  offering  period  expired.   The  Partnership  received
subscriptions   for   21,151.928   Limited   Partnership    Units
($21,151,928).

        The  Partnership  was organized to acquire  existing  and
newly  constructed commercial properties located  in  the  United
States,  to  lease  such properties to tenants under  triple  net
leases,  to  hold  such  properties and to eventually  sell  such
properties.    From   subscription  proceeds,   the   Partnership
purchased  nineteen  properties, including partial  interests  in
four properties, at a total cost of $16,994,880.  The balance  of
the   subscription  proceeds  was  applied  to  organization  and
syndication  costs,  working capital reserves and  distributions,
which  represented  a  return  of capital.   The  properties  are
commercial,  single  tenant buildings  leased  under  triple  net
leases.

         The   Partnership's  properties  were   purchased   with
subscription proceeds without any indebtedness.  The  Partnership
will not finance properties in the future to obtain proceeds  for
new  property  acquisitions.  If it is required  to  do  so,  the
Partnership  may  incur  short-term indebtedness,  which  may  be
secured  by a portion of the Partnership's properties, to finance
day-to-day cash flow requirements (including cash flow  necessary
to  repurchase  Units).   The amount of borrowings  that  may  be
secured by the properties is limited in the aggregate to  20%  of
the  purchase price of all properties.  The Partnership will  not
incur  borrowings prior to application of the proceeds from  sale
of the Units, will not incur borrowings to pay distributions, and
will  not  incur  borrowings while there is  cash  available  for
distributions.

       The Partnership will hold its properties until the General
Partners  determine  that the sale or other  disposition  of  the
properties   is   advantageous  in  view  of  the   Partnership's
investment  objectives.  In deciding whether to sell  properties,
the  General  Partners will consider factors  such  as  potential
appreciation,  net  cash flow and income tax considerations.   In
addition,  certain  tenants may be granted  options  to  purchase
properties  after  a  specified portion of  the  lease  term  has
elapsed.   Prior  to the third quarter of 2006,  the  Partnership
sold some of its properties and reinvested the proceeds from such
sales  in  additional  properties.  It is  anticipated  that  the
Partnership  will sell its remaining properties within  the  next
two  years, although final liquidation may be delayed by a number
of   circumstances,  including  market  conditions   and   seller
financing of properties.

ITEM 1.   DESCRIPTION OF BUSINESS.  (Continued)

Leases

       Although there are variations in the specific terms of the
leases,  the following is a summary of the general terms  of  the
Partnership's  leases.   The properties  are  leased  to  various
tenants  under  triple  net  leases,  which  are  classified   as
operating  leases.   Under  a triple net  lease,  the  tenant  is
responsible  for  all real estate taxes, insurance,  maintenance,
repairs  and  operating expenses for the property.   The  primary
lease terms are for 15 to 20 years.  The leases provide for  base
annual  rental  payments,  payable in monthly  installments,  and
contain  rent  clauses which entitle the Partnership  to  receive
additional rent in future years based on stated rent increases or
if  gross  receipts  for  the property exceed  certain  specified
amounts, among other conditions.

        The leases provide the tenants with two to five five-year
renewal options subject to the same terms and conditions  as  the
primary  term.   Certain  tenants have been  granted  options  to
purchase the property at a formula price.  In some of the leases,
the  option  price  is  stated to be the  greater  of  the  price
determined by the stated formula or the fair market value of  the
property  as  agreed upon by the parties or determined  based  on
appraisals.  In general, the formula price is determined  in  one
of  two  ways.  Under the first, the option price is the original
purchase   price  of  the  property  increased  by  a   specified
percentage per year, compounded annually.  Under the second,  the
option  price is determined by dividing the annual  rent  at  the
time the purchase option is exercised by a percentage.  Based  on
the  scheduled annual rent under the lease, the resulting  option
price  would always be greater than the original purchase  price.
The  actual sale price of a property to a tenant may or  may  not
exceed original cost depending on market and other conditions.

Property Activity

        In  July 2003, the tenant of the Razzoo's restaurants  in
Alpharetta,  Georgia and Austin, Texas notified  the  Partnership
that it was experiencing financial difficulty stemming from lower
than  expected sales and that it might not be able to pay  future
rents.   In  late  2003,  the  tenant closed  the  restaurant  in
Alpharetta  and  said  that it no longer intended  to  operate  a
restaurant  at the site.  Subsequent to this action,  the  tenant
and   the  Partnership  reached  a  settlement  related  to   the
properties, the Lease for the property in Austin was amended, the
Lease  for  the  property in Alpharetta was  terminated  and  the
tenant  returned possession of the property in Alpharetta to  the
Partnership.  While this property was vacant, the Partnership was
responsible  for  real estate taxes and other costs  required  to
maintain the property.

         In  December  2004,  the  Partnership  entered  into  an
agreement  to  sell the property in Alpharetta  to  an  unrelated
third  party.   On  March  29, 2005, the  sale  closed  with  the
Partnership  receiving  net  sale  proceeds  of  $432,160,  which
resulted in a net gain of $32,160.  At the time of sale, the  net
book value of the property was $400,000.

ITEM 1.   DESCRIPTION OF BUSINESS.  (Continued)

        The  amendment to the Lease for the property  in  Austin,
Texas  provided the tenant with options to purchase the  property
and  terminate  the  Lease.   Under the  purchase  option,  which
expired  October  31,  2006, the tenant  could  have  elected  to
purchase the Partnership's interest in the property for $338,000.
Under the termination option, the tenant could elect to terminate
the  Lease  by  providing no less than six months  prior  written
notice and paying a termination payment equal to one year's rent.
As  part  of this agreement, the Partnership received a  personal
guarantee from the majority shareholder of the tenant for payment
of  the  rent through October 31, 2006.  The tenant continued  to
pay rent and complied with its Lease obligations.

        On  April  30, 2006, the tenant exercised its  option  to
terminate  the Lease for the property in Austin, Texas, effective
October  31,  2006. The tenant paid the Partnership the  required
payment  of  $43,025  on  October 31, 2006,  and  the  Lease  was
terminated.   The Partnership actively marketed the property  for
sale  and listed it with a real estate broker in the Austin area.
Based  on  an  analysis of market conditions  in  the  area,  the
Partnership  determined the property was impaired  in  accordance
with  the  requirements  of  Statement  of  Financial  Accounting
Standards  No. 144, Accounting for the Impairment or Disposal  of
Long-Lived Assets.  As a result, in the first quarter of 2006,  a
charge  to discontinued operations for real estate impairment  of
$143,902  was  recognized, which was the difference  between  the
book  value at March 31, 2006 of $377,902 and the estimated  fair
value  of $234,000.  The charge was recorded against the cost  of
the land, building and equipment.

        In  September  2006,  the  Partnership  entered  into  an
agreement  to sell the property in Austin, Texas to an  unrelated
third  party.   On  November 21, 2006, the sale closed  with  the
Partnership  receiving  net  sale  proceeds  of  $227,742,  which
resulted in a net loss of $6,258.  At the time of sale,  the  net
book value of the property was $234,000.

        On  February  5,  2004, the Partnership purchased  a  50%
interest  in  a  Jared  Jewelry store in Lakewood,  Colorado  for
$2,017,603.   The  property is leased to Sterling  Jewelers  Inc.
under  a  Lease  Agreement with a primary term of  20  years  and
initial annual rent of $155,219.  The remaining interest  in  the
property  was  purchased by AEI Real Estate  Fund  XVIII  Limited
Partnership, an affiliate of the Partnership.

        During  2006, the Partnership sold 45.2151% of the  Jared
Jewelry   store   in   Lakewood,  Colorado,   in   six   separate
transactions,  to  unrelated  third  parties.   The   Partnership
received total net sale proceeds of $2,166,911, which resulted in
a  net  gain  of  $419,982.   The cost  and  related  accumulated
depreciation  of the interests sold was $1,824,522  and  $77,593,
respectively.

        Subsequent to December 31, 2006, the Partnership sold its
remaining  4.7849%  interest  in  the  Jared  Jewelry  store   in
Lakewood,  Colorado to an unrelated third party.  The Partnership
received  net  sale  proceeds  of approximately  $227,000,  which
resulted  in a net gain of approximately $42,100.  The  cost  and
related  accumulated  depreciation  of  the  interest  sold   was
$193,081  and  $8,211, respectively.  At December 31,  2006,  the
property was classified as Real Estate Held for Sale with a  book
value of $184,870.

ITEM 1.   DESCRIPTION OF BUSINESS.  (Continued)

        On  April  30,  2004,  the Partnership  purchased  a  50%
interest   in  an  Applebee's  restaurant  in  Stow,   Ohio   for
$1,575,755.   The property is leased to Apple Ohio  LLC  under  a
Lease  Agreement  with  a primary term of 20  years  and  initial
annual  rent of $120,043.  The remaining interest in the property
was purchased by AEI Real Estate Fund XVIII Limited Partnership.

       In October 2005, the Partnership entered into an agreement
to  sell  its 50% interest in the Applebee's restaurant in  Stow,
Ohio to an unrelated third party.  On November 15, 2005, the sale
closed  with  the  Partnership receiving  net  sale  proceeds  of
$1,835,784,  which resulted in a net gain of  $310,235.   At  the
time  of sale, the cost and related accumulated depreciation  was
$1,575,755 and $50,206, respectively.

        On May 10, 2004, the Partnership purchased a 50% interest
in  an Eckerd drug store in Auburn, New York for $2,287,291.  The
property  is leased to Eckerd Corporation under a Lease Agreement
with a primary term of 20 years and annual rent of $184,753.  The
remaining  interest  in the property was purchased  by  AEI  Real
Estate Fund XVIII Limited Partnership.

        The Partnership is attempting to sell its 50% interest in
the Eckerd drug store in Auburn, New York.  At December 31, 2006,
the  property was classified as Real Estate Held for Sale with  a
book value of $2,178,646.

        On  November 19, 2004, the Partnership sold  its  3.3979%
interest in the Applebee's restaurant in Aurora, Colorado to  the
tenant.   The Partnership received net sale proceeds of  $77,724,
which  resulted in a net gain of $45,044.  The cost  and  related
accumulated  depreciation of the interest sold  was  $44,782  and
$12,102, respectively.

        In February 2005, Winn-Dixie Montgomery, Inc., the tenant
of  the  Winn-Dixie store in Panama City, Florida, and its parent
company,  Winn-Dixie,  Inc.,  filed  for  Chapter  11  bankruptcy
reorganization.   On  June 29, 2006, Winn-Dixie  issued  a  press
release   announcing  that  it  filed  its   proposed   Plan   of
Reorganization with the bankruptcy court.  In November 2006,  the
bankruptcy court approved Winn-Dixie's Plan of Reorganization and
the  Plan  became effective.  Under the Plan, Winn-Dixie  assumed
the  Lease  for this store under its original terms  without  any
rent concessions.  As of the date of this report, Winn-Dixie  has
complied with all Lease terms.

        During  the fourth quarter of 2005, the Partnership  sold
23.1409% of the Johnny Carino's restaurant in Longview, Texas, in
three  separate  transactions, to unrelated third  parties.   The
Partnership  received total net sale proceeds of $758,149,  which
resulted  in  a  net  gain of $237,562.   The  cost  and  related
accumulated  depreciation of the interests sold was $546,069  and
$25,482, respectively.

       During the first quarter of 2006, the Partnership sold its
remaining 26.8591% interest in the Johnny Carino's restaurant  in
Longview,  Texas,  in three separate transactions,  to  unrelated
third  parties.  The Partnership received total net sale proceeds
of  $860,603, which resulted in a net gain of $256,370.  The cost
and  related accumulated depreciation of the interests  sold  was
$633,809  and $29,576, respectively.  At December 31,  2005,  the
property was classified as Real Estate Held for Sale with a  book
value of $604,233.

ITEM 1.   DESCRIPTION OF BUSINESS.  (Continued)

       On February 17, 2006, the Partnership purchased an Advance
Auto  Parts  store  in  Harlingen,  Texas  for  $1,600,003.   The
property is leased to Advance Stores Company, Inc. under a  Lease
Agreement with a remaining primary term of 14.4 years and initial
annual rent of $111,210.

        On  March  10,  2006,  the Partnership  purchased  a  50%
interest in a Tractor Supply Company store in Mesquite, Texas for
$1,231,625.   The  property is leased to Tractor  Supply  Company
under  a  Lease Agreement with a remaining primary  term  of  7.4
years and initial annual rent of $87,258.  The remaining interest
in  the  property was purchased by AEI Net Lease Income &  Growth
Fund XX Limited Partnership, an affiliate of the Partnership.

        Subsequent to December 31, 2006, the Partnership sold its
2.4058% interest in the Taco Cabana restaurant in Waco, Texas  to
the  tenant.   The  Partnership received  net  sale  proceeds  of
approximately  $39,000,  which  resulted  in  a   net   gain   of
approximately   $25,200.   The  cost  and   related   accumulated
depreciation  of  the  interest  sold  was  $19,721  and  $5,924,
respectively.  At December 31, 2006, the property was  classified
as Real Estate Held for Sale with a book value of $13,797.

Major Tenants

        During 2006, three tenants each contributed more than ten
percent  of  the Partnership's total rental revenue.   The  major
tenants  in aggregate contributed 38% of total rental revenue  in
2006.   It  is anticipated that, based on minimum rental payments
required  under  the  leases, Kona Restaurant  Group,  Inc.  will
continue to contribute more than ten percent of rental revenue in
2007  and  future  years.   Texas  Taco  Cabana  L.P.  will   not
contribute  more than ten percent of rental revenue in  2007  and
future  years due to a lease amendment that reduced the rent  for
the  Taco  Cabana  restaurant  in San  Antonio,  Texas  effective
October 2006.  Eckerd Corporation will likely not contribute more
than  ten  percent of rental revenue in 2007 and future years  as
the  Partnership is attempting to sell the property.  Any failure
of  these major tenants could materially affect the Partnership's
net income and cash distributions.

Competition

        The  Partnership is a minor factor in the commercial real
estate  business.   There are numerous entities  engaged  in  the
commercial  real  estate  business which have  greater  financial
resources  than  the  Partnership.  At the time  the  Partnership
elects to dispose of its properties, the Partnership will  be  in
competition  with other persons and entities to find  buyers  for
its properties.

Employees

        The  Partnership  has  no direct  employees.   Management
services   are  performed  for  the  Partnership  by   AEI   Fund
Management, Inc., an affiliate of AFM.

ITEM 2.   DESCRIPTION OF PROPERTIES.

Investment Objectives

        The  Partnership's investment objectives were to  acquire
existing or newly-developed commercial properties throughout  the
United  States that offer the potential for (i) preservation  and
protection  of  the  Partnership's capital; (ii)  partially  tax-
deferred  cash distributions from operations which  may  increase
through  rent  participation clauses or mandated rent  increases;
and  (iii) long-term capital gains through appreciation in  value
of   the  Partnership's  properties  realized  upon  sale.    The
Partnership  does not have a policy, and there is no  limitation,
as  to the amount or percentage of assets that may be invested in
any  one  property.  However, to the extent possible, the General
Partners  attempted  to diversify the type and  location  of  the
Partnership's properties.

Description of Properties

       The Partnership's properties are commercial, single tenant
buildings.  The properties were acquired on a debt-free basis and
are  leased to various tenants under triple net leases, which are
classified as operating leases.  The only exception is under  the
Lease   for  the  Advance  Auto  Parts  store,  the  Company   is
responsible  for  repairs  to the structural  components  of  the
building,   except   for  the  roof,  which   is   the   tenant's
responsibility.   The Partnership holds an undivided  fee  simple
interest in the properties.

        The  Partnership's properties are subject to the  general
competitive conditions incident to the ownership of single tenant
investment  real estate.  Since each property is leased  under  a
long-term   lease,   there  is  little  competition   until   the
Partnership  decides to sell the property.   At  this  time,  the
Partnership will be competing with other real estate  owners,  on
both a national and local level, in attempting to find buyers for
the   properties.   In  the  event  of  a  tenant  default,   the
Partnership would be competing with other real estate owners, who
have  property vacancies, to attract a new tenant  to  lease  the
property.   The Partnership's tenants operate in industries  that
are  very  competitive and can be affected  by  factors  such  as
changes  in regional or local economies, seasonality and  changes
in consumer preference.

        The  following table is a summary of the properties  that
the Partnership acquired and owned as of December 31, 2006.

                               Total Property                Annual   Annual
                     Purchase    Acquisition                  Lease   Rent Per
Property               Date        Costs      Tenant         Payment  Sq. Ft.

Taco Cabana Restaurant                       Texas Taco
 San Antonio, TX      3/16/92   $1,147,274   Cabana L.P.    $115,000   $42.28

Taco Cabana Restaurant
 Waco, TX                                     Texas Taco
 (2.4058%)             5/1/92   $   19,721    Cabana L.P.   $  3,624   $54.54

Applebee's Restaurant                           Gourmet
   Crestwood, MO      4/14/93   $  803,418    Systems, Inc. $148,776   $29.66

ITEM 2.DESCRIPTION OF PROPERTIES. (Continued)

                               Total Property                Annual   Annual
                     Purchase    Acquisition                  Lease   Rent Per
Property               Date        Costs      Tenant         Payment  Sq. Ft.

HomeTown Buffet Restaurant
 Tucson, AZ                                  Summit Family
 (2.2074%)            6/16/93   $   28,418  Restaurants, Inc. $ 4,878  $23.00

Applebee's Restaurant
 Temple Terrace, FL                         Casual Restaurant
 (9.0963%)            10/1/93   $   96,262    Concepts, Inc.  $18,900  $44.78

Champps Americana Restaurant                    Champps
 Troy, MI                                      Operating
 (.016%)               9/3/98   $      788    Corporation     $    93  $52.54

Tumbleweed Restaurant
 Chillicothe, OH
 (40%)               11/20/98   $  505,224  Tumbleweed, Inc.  $59,691  $27.21

Marie Callender's Restaurant                     Marie
 Henderson, NV                                 Callender
 (2.5775%)            9/28/99   $   44,142   Pie Shops, Inc.  $ 4,371  $28.19

Champps Americana Restaurant                    Champps
 Utica, MI                                     Operating
 (28%)                2/12/02   $  963,874    Corporation     $113,093 $47.05

Biaggi's Restaurant
 Ft. Wayne, IN                              Biaggi's Ristorante
 (50%)                 7/3/03   $1,379,347     Italiano, LLC  $122,004 $25.81

Winn-Dixie Retail Store
 Panama City, FL                            Winn-Dixie Stores
 (37%)                9/19/03   $1,712,829    Leasing, LLC    $138,380 $ 7.23

Johnny Carino's Restaurant                   Kona Restaurant
 Brownsville, TX     12/30/03   $2,322,610     Group, Inc.    $195,874 $31.77

Jared Jewelry Store
 Lakewood, CO                                    Sterling
 (4.7849%)             2/5/04   $  193,081     Jewelers Inc.  $ 14,854 $50.86

Eckerd Drug Store
 Auburn, NY                                        Eckerd
 (50%)                5/10/04   $2,287,291       Corporation  $184,753 $26.75

Advance Auto Parts Store                      Advance Stores
 Harlingen, TX        2/17/06   $1,600,003    Company, Inc.   $111,210 $16.43

Tractor Supply Company Store
 Mesquite, TX                                 Tractor Supply
 (50%)                3/10/06   $1,231,625       Company      $87,258  $ 9.15


ITEM 2.   DESCRIPTION OF PROPERTIES. (Continued)

        The  properties  listed above with  a  partial  ownership
percentage  are  owned with affiliates of the Partnership  and/or
unrelated  third  parties.   The  remaining  interests   in   the
Tumbleweed restaurant in Chillicothe, Ohio are owned by AEI  Real
Estate  Fund  XVIII  Limited Partnership and an  unrelated  third
party.    The  remaining  interests  in  the  Champps   Americana
restaurant in Utica, Michigan are owned by AEI Net Lease Income &
Growth  Fund XX Limited Partnership and unrelated third  parties.
The  remaining  interests  in  the Biaggi's  restaurant  and  the
Tractor Supply Company store are owned by AEI Net Lease Income  &
Growth  Fund XX Limited Partnership.  The remaining interests  in
the  Winn-Dixie store are owned by AEI Income & Growth  Fund  XXI
Limited  Partnership and unrelated third parties.  The  remaining
interests  in the Eckerd drug store are owned by AEI Real  Estate
Fund XVIII Limited Partnership and unrelated third parties.   The
remaining  interests  in  the Marie Callender's  restaurant,  the
HomeTown  Buffet restaurant, the Champps Americana restaurant  in
Troy,  Michigan, the Taco Cabana restaurant in Waco,  Texas,  the
Applebee's  restaurant in Temple Terrace, Florida and  the  Jared
Jewelry store are owned by unrelated third parties.

        The Partnership accounts for properties owned as tenants-
in-common  with  affiliated Partnerships and/or  unrelated  third
parties  using  the  proportionate  consolidation  method.   Each
tenant-in-common  owns  a  separate, undivided  interest  in  the
properties.   Any  tenant-in-common that holds more  than  a  50%
interest  does  not control decisions over the  other  tenant-in-
common  interests.   The financial statements reflect  only  this
Partnership's percentage share of the properties' land,  building
and equipment, liabilities, revenues and expenses.

        At  the  time the properties were acquired, the remaining
primary  lease  term  varied from  13  to  20  years.   The  only
exception was the Lease for the Tractor Supply Company store  had
a  remaining  primary term of 7.4 years.  The leases provide  the
tenants with two to five five-year renewal options subject to the
same terms and conditions as the primary term.

       Pursuant to the lease agreements, the tenants are required
to provide proof of adequate insurance coverage on the properties
they  occupy.   The General Partners believe the  properties  are
adequately covered by insurance and consider the properties to be
well-maintained and sufficient for the Partnership's operations.

         For  tax  purposes,  the  Partnership's  properties  are
depreciated  under the Modified Accelerated Cost Recovery  System
(MACRS).  The largest depreciable component of a property is  the
building  which  is depreciated, using the straight-line  method,
over  31.5 or 39 years, depending on the date when it was  placed
in  service.  The remaining depreciable components of a  property
are   personal   property   and  land  improvements   which   are
depreciated,  using an accelerated method, over 5 and  15  years,
respectively.  Since the Partnership has tax-exempt Partners, the
Partnership is subject to the rules of Section 168(h)(6)  of  the
Internal  Revenue  Code  which  requires  a  percentage  of   the
properties' depreciable components to be depreciated over  longer
lives  using  the straight-line method.  In general, the  federal
tax  basis of the properties for tax depreciation purposes is the
same as the basis for book depreciation purposes.

        At  December 31, 2006, all properties listed  above  were
100% occupied.

ITEM 3.   LEGAL PROCEEDINGS.

       None.

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

       None.


                             PART II

ITEM 5.   MARKET FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS
          AND SMALL BUSINESS ISSUER PURCHASES OF EQUITY SECURITIES.

        (a) As of December 31, 2006, there were 1,425 holders  of
record  of the registrant's Limited Partnership Units.  There  is
no  other  class  of  security outstanding  or  authorized.   The
registrant's  Units  are  not a traded security  in  any  market.
During the period covered by this report, the Partnership did not
sell  any  equity  securities that are not registered  under  the
Securities Act of 1933.

       Cash distributions of $43,608 and $18,861 were made to the
General Partners and $4,317,269 and $1,867,278 were made  to  the
Limited   Partners   in   2006  and  2005,   respectively.    The
distributions  were made on a quarterly basis and  represent  Net
Cash   Flow,  as  defined,  except  as  discussed  below.   These
distributions  should  not be compared  with  dividends  paid  on
capital stock by corporations.

        As  part  of the Limited Partner distributions  discussed
above,  the  Partnership distributed $2,942,898 and  $492,324  of
proceeds from property sales in 2006 and 2005, respectively.  The
distributions  reduced  the  Limited Partners'  Adjusted  Capital
Contributions.

       (b) Not applicable.

        (c) Pursuant to Section 7.7 of the Partnership Agreement,
each  Limited  Partner  has the right to  present  Units  to  the
Partnership  for  purchase by submitting notice to  the  Managing
General  Partner  during September of each  year.   The  purchase
price  of  the  Units  is  based on a formula  specified  in  the
Partnership  Agreement.  Units tendered to  the  Partnership  are
redeemed  on  October 1st of each year subject to  the  following
limitations.  The Partnership is not obligated to purchase in any
year  more  than  5%  of the 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.

ITEM 5.   MARKET FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS
       AND SMALL BUSINESS ISSUER PURCHASES OF EQUITY SECURITIES.

      Small Business Issuer Purchases of Equity Securities
                                                             Maximum Number
                                       Total Number of Units of Units that May
              Total Number   Average   Purchased as Part of  Yet Be Purchased
                of Units    Price Paid Publicly Announced    Under the Plans
               Purchased     per Unit  Plans or Programs     or  Programs

10/1/06 to 10/31/06  120     $258.98        986.14(1)            (2)

11/1/06 to 11/30/06   --          --            --                --

12/1/06 to 12/31/06   --          --            --                --

  (1) The  Partnership's  repurchase plan is  mandated  by  the
      Partnership Agreement as included in the prospectus related to
      the original offering of the Units.
  (2) The Partnership Agreement contains annual limitations  on
      repurchases  described in the paragraph  above  and  has  no
      expiration date.

ITEM 6.   MANAGEMENT'S DISCUSSION AND ANALYSIS.

        The Management's Discussion and Analysis contains various
"forward  looking  statements"  within  the  meaning  of  federal
securities  laws  which  represent management's  expectations  or
beliefs  concerning future events, including statements regarding
anticipated  application of cash, expected  returns  from  rental
income,  growth  in  revenue, the sufficiency  of  cash  to  meet
operating  expenses, rates of distribution,  and  other  matters.
These,   and  other  forward  looking  statements  made  by   the
Partnership,  must be evaluated in the context  of  a  number  of
factors that may affect the Partnership's financial condition and
results of operations, including the following:

    Market  and  economic conditions which affect the  value
    of  the  properties the Partnership owns and  the  cash
    from rental income such properties generate;

    the  federal  income tax consequences of rental  income,
    deductions,  gain  on  sales and other  items  and  the
    affects of these consequences for the Partners;

    resolution  by  the General Partners of  conflicts  with
    which they may be confronted;

    the effect of tenant defaults; and

    the  condition of the industries in which the  tenants  of
    properties owned by the Partnership operate.


ITEM 6.   MANAGEMENT'S DISCUSSION AND ANALYSIS.  (Continued)

The Application of Critical Accounting Policies

        The preparation of the Partnership's financial statements
requires  management to make estimates and assumptions  that  may
affect the reported amounts of assets, liabilities, revenues  and
expenses,  and  related  disclosure  of  contingent  assets   and
liabilities. Management evaluates these estimates on  an  ongoing
basis,  including  those related to the carrying  value  of  real
estate  and  the  allocation  by AEI  Fund  Management,  Inc.  of
expenses  to  the  Partnership as opposed  to  other  funds  they
manage.

        The Partnership purchases properties and records them  in
the  financial  statements  at the lower  of  cost  or  estimated
realizable   value.   The  Partnership  initially   records   the
properties  at cost (including capitalized acquisition expenses).
The Partnership is required to periodically evaluate the carrying
value  of properties to determine whether their realizable  value
has  declined.   For  properties the Partnership  will  hold  and
operate, management determines whether impairment has occurred by
comparing the property's probability-weighted cash flows  to  its
current carrying value.  For properties held for sale, management
determines  whether  impairment has  occurred  by  comparing  the
property's estimated fair value less cost to sell to its  current
carrying  value.   If  the carrying value  is  greater  than  the
realizable  value, an impairment loss is recorded to  reduce  the
carrying value of the property to its realizable value.  A change
in  these assumptions or analysis could cause material changes in
the carrying value of the properties.

        AEI  Fund Management, Inc. allocates expenses to each  of
the  funds  they manage primarily on the basis of the  number  of
hours  devoted  by their employees to each fund's affairs.   They
also  allocate  expenses at the end of each month  that  are  not
directly related to a fund's operations based upon the number  of
investors  in the fund and the fund's capitalization relative  to
other  funds  they  manage.   The  Partnership  reimburses  these
expenses  subject  to  detailed  limitations  contained  in   the
Partnership Agreement.

         Management   of  the  Partnership  has   discussed   the
development  and selection of the above accounting estimates  and
the management discussion and analysis disclosures regarding them
with the managing partner of the Partnership.

Results of Operations

        For  the  years  ended December 31, 2006  and  2005,  the
Partnership  recognized rental income from continuing  operations
of  $1,170,940  and $1,015,442, respectively.   In  2006,  rental
income  increased  due  to  additional  rent  received  from  two
property  acquisitions  in  2006  and  rent  increases  on   four
properties.

ITEM 6.   MANAGEMENT'S DISCUSSION AND ANALYSIS.  (Continued)

        For  the  years  ended December 31, 2006  and  2005,  the
Partnership  incurred  Partnership administration  expenses  from
affiliated parties of $198,740 and $232,714, respectively.  These
administration  expenses  include  costs  associated   with   the
management of the properties, processing distributions, reporting
requirements and correspondence to the Limited Partners.  As  the
Partnership's asset base decreases due to property sales,  it  is
allocated a smaller share of expenses that are allocated  by  AEI
Fund  Management, Inc. based on the relative assets of the  funds
under  management.   During  the same  periods,  the  Partnership
incurred   Partnership  administration  and  property  management
expenses   from  unrelated  parties  of  $34,238   and   $30,148,
respectively.  These expenses represent direct payments to  third
parties  for legal and filing fees, direct administrative  costs,
outside audit costs, taxes, insurance and other property costs.

        In February 2005, Winn-Dixie Montgomery, Inc., the tenant
of  the  Winn-Dixie store in Panama City, Florida, and its parent
company,  Winn-Dixie,  Inc.,  filed  for  Chapter  11  bankruptcy
reorganization.   On  June 29, 2006, Winn-Dixie  issued  a  press
release   announcing  that  it  filed  its   proposed   Plan   of
Reorganization with the bankruptcy court.  In November 2006,  the
bankruptcy court approved Winn-Dixie's Plan of Reorganization and
the  Plan  became effective.  Under the Plan, Winn-Dixie  assumed
the  Lease  for this store under its original terms  without  any
rent concessions.  As of the date of this report, Winn-Dixie  has
complied with all Lease terms.

        For  the  years  ended December 31, 2006  and  2005,  the
Partnership  recognized interest income of $92,679  and  $50,660,
respectively.  In 2006, interest income increased mainly  due  to
the  Partnership  having more money invested in  a  money  market
account due to property sales.

        In  accordance  with  Statement of  Financial  Accounting
Standards  No. 144, Accounting for the Impairment or Disposal  of
Long-Lived  Assets,  upon  complete disposal  of  a  property  or
classification of a property as Real Estate Held  for  Sale,  the
Partnership  includes  the operating  results  and  sale  of  the
property   in   discontinued  operations.    In   addition,   the
Partnership reclassifies the prior periods operating results  and
any  partial  sales  of the property to discontinued  operations.
For  the year ended December 31, 2006, the Partnership recognized
income  from  discontinued operations of  $860,323,  representing
rental  income less property management expenses and depreciation
of  $334,131  and  gain on disposal of real estate  of  $670,094,
which  were partially offset by a real estate impairment loss  of
$143,902.   For the year ended December 31, 2005, the Partnership
recognized  income  from discontinued operations  of  $1,026,262,
representing rental income less property management expenses  and
depreciation of $446,305 and gain on disposal of real  estate  of
$579,957.

        In  July 2003, the tenant of the Razzoo's restaurants  in
Alpharetta,  Georgia and Austin, Texas notified  the  Partnership
that it was experiencing financial difficulty stemming from lower
than  expected sales and that it might not be able to pay  future
rents.   In  late  2003,  the  tenant closed  the  restaurant  in
Alpharetta  and  said  that it no longer intended  to  operate  a
restaurant  at the site.  Subsequent to this action,  the  tenant
and   the  Partnership  reached  a  settlement  related  to   the
properties, the Lease for the property in Austin was amended, the
Lease  for  the  property in Alpharetta was  terminated  and  the
tenant  returned possession of the property in Alpharetta to  the
Partnership.  While this property was vacant, the Partnership was
responsible  for  real estate taxes and other costs  required  to
maintain the property.

ITEM 6.   MANAGEMENT'S DISCUSSION AND ANALYSIS.  (Continued)

         In  December  2004,  the  Partnership  entered  into  an
agreement  to  sell the property in Alpharetta  to  an  unrelated
third  party.   On  March  29, 2005, the  sale  closed  with  the
Partnership  receiving  net  sale  proceeds  of  $432,160,  which
resulted in a net gain of $32,160.  At the time of sale, the  net
book value of the property was $400,000.

        The  amendment to the Lease for the property  in  Austin,
Texas  provided the tenant with options to purchase the  property
and  terminate  the  Lease.   Under the  purchase  option,  which
expired  October  31,  2006, the tenant  could  have  elected  to
purchase the Partnership's interest in the property for $338,000.
Under the termination option, the tenant could elect to terminate
the  Lease  by  providing no less than six months  prior  written
notice and paying a termination payment equal to one year's rent.
As  part  of this agreement, the Partnership received a  personal
guarantee from the majority shareholder of the tenant for payment
of  the  rent through October 31, 2006.  The tenant continued  to
pay rent and complied with its Lease obligations.

        On  April  30, 2006, the tenant exercised its  option  to
terminate  the Lease for the property in Austin, Texas, effective
October  31,  2006. The tenant paid the Partnership the  required
payment  of  $43,025  on  October 31, 2006,  and  the  Lease  was
terminated.   The Partnership actively marketed the property  for
sale  and listed it with a real estate broker in the Austin area.
Based  on  an  analysis of market conditions  in  the  area,  the
Partnership  determined the property was impaired  in  accordance
with  the  requirements  of  Statement  of  Financial  Accounting
Standards  No. 144, Accounting for the Impairment or Disposal  of
Long-Lived Assets.  As a result, in the first quarter of 2006,  a
charge  to discontinued operations for real estate impairment  of
$143,902  was  recognized, which was the difference  between  the
book  value at March 31, 2006 of $377,902 and the estimated  fair
value  of $234,000.  The charge was recorded against the cost  of
the land, building and equipment.

        In  September  2006,  the  Partnership  entered  into  an
agreement  to sell the property in Austin, Texas to an  unrelated
third  party.   On  November 21, 2006, the sale closed  with  the
Partnership  receiving  net  sale  proceeds  of  $227,742,  which
resulted in a net loss of $6,258.  At the time of sale,  the  net
book value of the property was $234,000.

        During  the fourth quarter of 2005, the Partnership  sold
23.1409% of the Johnny Carino's restaurant in Longview, Texas, in
three  separate  transactions, to unrelated third  parties.   The
Partnership  received total net sale proceeds of $758,149,  which
resulted  in  a  net  gain of $237,562.   The  cost  and  related
accumulated  depreciation of the interests sold was $546,069  and
$25,482, respectively.

       During the first quarter of 2006, the Partnership sold its
remaining 26.8591% interest in the Johnny Carino's restaurant  in
Longview,  Texas,  in three separate transactions,  to  unrelated
third  parties.  The Partnership received total net sale proceeds
of  $860,603, which resulted in a net gain of $256,370.  The cost
and  related accumulated depreciation of the interests  sold  was
$633,809  and $29,576, respectively.  At December 31,  2005,  the
property was classified as Real Estate Held for Sale with a  book
value of $604,233.

ITEM 6.   MANAGEMENT'S DISCUSSION AND ANALYSIS.  (Continued)

       In October 2005, the Partnership entered into an agreement
to  sell  its 50% interest in the Applebee's restaurant in  Stow,
Ohio to an unrelated third party.  On November 15, 2005, the sale
closed  with  the  Partnership receiving  net  sale  proceeds  of
$1,835,784,  which resulted in a net gain of  $310,235.   At  the
time  of sale, the cost and related accumulated depreciation  was
$1,575,755 and $50,206, respectively.

        During  2006, the Partnership sold 45.2151% of the  Jared
Jewelry   store   in   Lakewood,  Colorado,   in   six   separate
transactions,  to  unrelated  third  parties.   The   Partnership
received total net sale proceeds of $2,166,911, which resulted in
a  net  gain  of  $419,982.   The cost  and  related  accumulated
depreciation  of the interests sold was $1,824,522  and  $77,593,
respectively.

        Subsequent to December 31, 2006, the Partnership sold its
remaining  4.7849%  interest  in  the  Jared  Jewelry  store   in
Lakewood,  Colorado to an unrelated third party.  The Partnership
received  net  sale  proceeds  of approximately  $227,000,  which
resulted  in a net gain of approximately $42,100.  The  cost  and
related  accumulated  depreciation  of  the  interest  sold   was
$193,081  and  $8,211, respectively.  At December 31,  2006,  the
property was classified as Real Estate Held for Sale with a  book
value of $184,870.

        Subsequent to December 31, 2006, the Partnership sold its
2.4058% interest in the Taco Cabana restaurant in Waco, Texas  to
the  tenant.   The  Partnership received  net  sale  proceeds  of
approximately  $39,000,  which  resulted  in  a   net   gain   of
approximately   $25,200.   The  cost  and   related   accumulated
depreciation  of  the  interest  sold  was  $19,721  and  $5,924,
respectively.  At December 31, 2006, the property was  classified
as Real Estate Held for Sale with a book value of $13,797.

        The Partnership is attempting to sell its 50% interest in
the Eckerd drug store in Auburn, New York.  At December 31, 2006,
the  property was classified as Real Estate Held for Sale with  a
book value of $2,178,646.

        In the third quarter of 2006, the Partnership decided  to
discontinue the reinvestment of proceeds from property  sales  in
additional  properties.   As a result, the  Partnership's  rental
income  and operating income will decrease in the future  as  the
Partnership sells its remaining properties.

        Inflation  has  had  a  minimal  effect  on  income  from
operations.   Leases  may contain rent increases,  based  on  the
increase  in  the  Consumer Price Index over a specified  period,
which  will result in an increase in rental income over the  term
of  the  leases.   In addition, leases may contain  rent  clauses
which  entitle  the  Partnership to receive  additional  rent  in
future  years  if gross receipts for the property exceed  certain
specified  amounts.  Increases in sales volumes of  the  tenants,
due to inflation and real sales growth, may result in an increase
in rental income over the term of the leases.  Inflation also may
cause the real estate to appreciate in value.  However, inflation
and  changing prices may have an adverse impact on the  operating
margins  of  the  properties' tenants, which could  impair  their
ability  to  pay rent and subsequently reduce the Net  Cash  Flow
available for distributions.

ITEM 6.   MANAGEMENT'S DISCUSSION AND ANALYSIS.  (Continued)

Liquidity and Capital Resources

       During the year ended December 31, 2006, the Partnership's
cash  balances  decreased $518,862 as a result of  cash  used  to
purchase  property  and distributions paid  to  the  Partners  in
excess  of  cash generated from operating activities, which  were
partially  offset  by cash generated from the sale  of  property.
During  the year ended December 31, 2005, the Partnership's  cash
balances increased $2,766,287 as a result of cash generated  from
the sale of property, which was partially offset by distributions
paid  to  the Partners in excess of cash generated from operating
activities.

        Net  cash provided by operating activities increased from
$1,395,328  in  2005 to $1,440,143 in 2006 as  the  result  of  a
decrease  in  Partnership administration and property  management
expenses in 2006 and net timing differences in the collection  of
payments from the tenants and the payment of expenses, which were
partially  offset  by  a decrease in total  rental  and  interest
income in 2006.

        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 years ended  December
31,  2006 and 2005, the Partnership generated cash flow from  the
sale  of  real estate of $3,255,256 and $3,026,093, respectively.
During the year ended December 31, 2006, the Partnership expended
$2,831,628 to invest in real properties (inclusive of acquisition
expenses),  as  the  Partnership reinvested cash  generated  from
property sales.

       On February 17, 2006, the Partnership purchased an Advance
Auto  Parts  store  in  Harlingen,  Texas  for  $1,600,003.   The
property is leased to Advance Stores Company, Inc. under a  Lease
Agreement with a remaining primary term of 14.4 years and initial
annual rent of $111,210.

        On  March  10,  2006,  the Partnership  purchased  a  50%
interest in a Tractor Supply Company store in Mesquite, Texas for
$1,231,625.   The  property is leased to Tractor  Supply  Company
under  a  Lease Agreement with a remaining primary  term  of  7.4
years and initial annual rent of $87,258.  The remaining interest
in  the  property was purchased by AEI Net Lease Income &  Growth
Fund XX Limited Partnership, an affiliate of the Partnership.

        The  Partnership's primary use of cash flow,  other  than
investment   in  real  estate,  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.


ITEM 6.   MANAGEMENT'S DISCUSSION AND ANALYSIS.  (Continued)

        For  the  years  ended December 31, 2006  and  2005,  the
Partnership  declared distributions of $4,360,877 and $1,886,139,
respectively, which were distributed 99% to the Limited  Partners
and  1%  to the General Partners.  The Limited Partners  received
distributions  of  $4,317,269  and  $1,867,278  and  the  General
Partners  received distributions of $43,608 and $18,861  for  the
periods,   respectively.   In  December  2005,  the   Partnership
declared a special distribution of net sale proceeds of $419,192.
In  March,  June  and  December 2006,  the  Partnership  declared
special  distributions of net sale proceeds of $156,566, $313,131
and   $2,424,242,   respectively,  which   resulted   in   higher
distributions  in  2006  and  a higher  distribution  payable  at
December 31, 2006.

         During   2006  and  2005,  the  Partnership  distributed
$2,972,624  and $497,297 of net sale proceeds to the Limited  and
General Partners as part of their quarterly distributions,  which
represented a return of capital of $145.78 and $24.27 per Limited
Partnership Unit, respectively.

        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  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  2006, three Limited Partners redeemed a total  of
120.0  Partnership  Units  for $31,077  in  accordance  with  the
Partnership  Agreement.   The Partnership  acquired  these  Units
using   Net   Cash  Flow  from  operations.   During  2005,   the
Partnership  did not redeem any Units from the Limited  Partners.
In  prior  years, a total of 77 Limited Partners redeemed  866.14
Partnership  Units  for $557,626.  The redemptions  increase  the
remaining   Limited   Partners'   ownership   interest   in   the
Partnership.   As  a  result  of these  redemption  payments  and
pursuant  to  the  Partnership Agreement,  the  General  Partners
received distributions of $314 in 2006.

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


ITEM 7.   FINANCIAL STATEMENTS.

       See accompanying index to financial statements.





   AEI NET LEASE INCOME & GROWTH FUND XIX LIMITED PARTNERSHIP

                  INDEX TO FINANCIAL STATEMENTS






Report of Independent Registered Public Accounting Firm

Balance Sheet as of December 31, 2006 and 2005

Statements for the Years Ended December 31, 2006 and 2005:

     Income

     Cash Flows

     Changes in Partners' Capital

Notes to Financial Statements







     REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM




To the Partners:
AEI Net Lease Income & Growth Fund XIX Limited Partnership
St. Paul, Minnesota




      We  have audited the accompanying balance sheet of AEI  Net
Lease  Income & Growth Fund XIX Limited Partnership (a  Minnesota
limited  partnership) as of December 31, 2006 and 2005,  and  the
related statements of income, cash flows and changes in partners'
capital for the years then ended.  These financial statements are
the   responsibility  of  the  Partnership's   management.    Our
responsibility  is  to  express an  opinion  on  these  financial
statements based on our audits.

      We conducted our audits in accordance with the standards of
the  Public  Company Accounting Oversight Board (United  States).
Those  standards require that we plan and perform  the  audit  to
obtain   reasonable   assurance  about  whether   the   financial
statements are free of material misstatement.  An audit  includes
examining,  on a test basis, evidence supporting the amounts  and
disclosures in the financial statements.  An audit also  includes
assessing   the   accounting  principles  used  and   significant
estimates  made by management, as well as evaluating the  overall
financial  statement presentation.  We believe  that  our  audits
provide a reasonable basis for our opinion.

      In  our opinion, the financial statements referred to above
present  fairly, in all material respects, the financial position
of  AEI Net Lease Income & Growth Fund XIX Limited Partnership as
of  December 31, 2006 and 2005, and the results of its operations
and  its cash flows for the years then ended, in conformity  with
U.S. generally accepted accounting principles.




                        /s/ Boulay,  Heutmaker, Zibell  & Co. P.L.L.P.
                                 Certified Public Accountants

Minneapolis, Minnesota
March 23, 2007

<PAGE>
   AEI NET LEASE INCOME & GROWTH FUND XIX LIMITED PARTNERSHIP
                          BALANCE SHEET
                           DECEMBER 31

                             ASSETS

                                                       2006          2005
CURRENT ASSETS:
  Cash and Cash Equivalents                        $ 3,326,693   $ 3,845,555
  Receivables                                              486         2,232
                                                    -----------   -----------
      Total Current Assets                           3,327,179     3,847,787
                                                    -----------   -----------
INVESTMENTS IN REAL ESTATE:
  Land                                               3,921,664     5,139,711
  Buildings and Equipment                            7,914,150     8,607,029
  Accumulated Depreciation                          (1,321,735)   (1,254,001)
                                                    -----------   -----------
                                                    10,514,079    12,492,739
  Real Estate Held for Sale                          2,377,313       604,233
                                                    -----------   -----------
      Net Investments in Real Estate                12,891,392    13,096,972
                                                    -----------   -----------
           Total  Assets                           $16,218,571   $16,944,759
                                                    ===========   ===========

                         LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES:
  Payable to AEI Fund Management, Inc.             $    53,611   $    34,857
  Distributions Payable                              2,782,438       772,803
                                                    -----------   -----------
      Total Current Liabilities                      2,836,049       807,660
                                                    -----------   -----------
PARTNERS' CAPITAL:
  General Partners                                       6,660        25,313
  Limited Partners, $1,000 per Unit;
   30,000 Units authorized; 21,152 Units issued;
   20,166 and 20,286 Units outstanding in
   2006 and 2005, respectively                      13,375,862    16,111,786
                                                    -----------   -----------
      Total Partners' Capital                       13,382,522    16,137,099
                                                    -----------   -----------
        Total Liabilities and Partners' Capital    $16,218,571   $16,944,759
                                                    ===========   ===========

 The accompanying Notes to Financial Statements are an integral
                     part of this statement.
</PAGE>
<PAGE>
   AEI NET LEASE INCOME & GROWTH FUND XIX LIMITED PARTNERSHIP
                       STATEMENT OF INCOME
                 FOR THE YEARS ENDED DECEMBER 31


                                                         2006         2005

RENTAL INCOME                                       $ 1,170,940  $ 1,015,442

EXPENSES:
  Partnership Administration - Affiliates               198,740      232,714
  Partnership Administration and Property
     Management - Unrelated Parties                      34,238       30,148
  Depreciation                                          253,273      196,925
                                                     -----------  -----------
      Total Expenses                                    486,251      459,787
                                                     -----------  -----------

OPERATING INCOME                                        684,689      555,655

OTHER INCOME:
  Interest Income                                        92,679       50,660
                                                     -----------  -----------

INCOME FROM CONTINUING OPERATIONS                       777,368      606,315

Income from Discontinued Operations                     860,323    1,026,262
                                                     -----------  -----------
NET INCOME                                          $ 1,637,691  $ 1,632,577
                                                     ===========  ===========
NET INCOME ALLOCATED:
  General Partners                                  $    25,269  $    16,326
  Limited Partners                                    1,612,422    1,616,251
                                                     -----------  -----------
                                                    $ 1,637,691  $ 1,632,577
                                                     ===========  ===========
INCOME PER LIMITED PARTNERSHIP UNIT:
  Continuing Operations                             $     37.99  $     29.59
  Discontinued Operations                                 41.61        50.08
                                                     -----------  -----------
      Total                                         $     79.60  $     79.67
                                                     ===========  ===========
Weighted Average Units Outstanding                       20,256       20,286
                                                     ===========  ===========

 The accompanying Notes to Financial Statements are an integral
                     part of this statement.
</PAGE>
<PAGE>
   AEI NET LEASE INCOME & GROWTH FUND XIX LIMITED PARTNERSHIP
                     STATEMENT OF CASH FLOWS
                 FOR THE YEARS ENDED DECEMBER 31

                                                           2006         2005
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net Income                                        $ 1,637,691  $ 1,632,577

  Adjustments To Reconcile Net Income
 To Net Cash Provided By Operating Activities:
     Depreciation                                       308,144      336,223
     Real Estate Impairment                             143,902            0
     Gain on Sale of Real Estate                       (670,094)    (579,957)
     Decrease in Receivables                              1,746       12,119
     Increase (Decrease) in Payable to
        AEI Fund Management, Inc.                        18,754       (5,634)
                                                     -----------  -----------
       Total Adjustments                               (197,548)    (237,249)
                                                     -----------  -----------
       Net Cash Provided By
           Operating Activities                       1,440,143    1,395,328
                                                     -----------  -----------
CASH FLOWS FROM INVESTING ACTIVITIES:
  Investments in Real Estate                         (2,831,628)           0
  Proceeds from Sale of Real Estate                   3,255,256    3,026,093
  Payments Received on Notes Receivable                       0      124,829
                                                     -----------  -----------
       Net Cash Provided By
           Investing Activities                         423,628    3,150,922
                                                     -----------  -----------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Increase in Distributions Payable                   2,009,635      106,176
  Distributions to Partners                          (4,360,877)  (1,886,139)
  Redemption Payments                                   (31,391)           0
                                                     -----------  -----------
       Net Cash Used For
         Financing Activities                        (2,382,633)  (1,779,963)
                                                     -----------  -----------
NET INCREASE (DECREASE) IN CASH
   AND CASH EQUIVALENTS                                (518,862)   2,766,287

CASH AND CASH EQUIVALENTS, beginning of period        3,845,555    1,079,268
                                                     -----------  -----------
CASH AND CASH EQUIVALENTS, end of period            $ 3,326,693  $ 3,845,555
                                                     ===========  ===========


 The accompanying Notes to Financial Statements are an integral
                     part of this statement.
</PAGE>
<PAGE>
   AEI NET LEASE INCOME & GROWTH FUND XIX LIMITED PARTNERSHIP
            STATEMENT OF CHANGES IN PARTNERS' CAPITAL
                 FOR THE YEARS ENDED DECEMBER 31


                                                                  Limited
                                                                Partnership
                             General     Limited                   Units
                             Partners    Partners      Total    Outstanding


BALANCE, December 31, 2004  $ 27,848   $16,362,813  $16,390,661   20,285.79

  Distributions              (18,861)   (1,867,278)  (1,886,139)

  Net Income                  16,326     1,616,251    1,632,577
                             --------   -----------  ----------  ----------
BALANCE, December 31, 2005    25,313    16,111,786   16,137,099   20,285.79

  Distributions              (43,608)   (4,317,269)  (4,360,877)

  Redemption Payments           (314)      (31,077)     (31,391)    (120.00)

  Net Income                  25,269     1,612,422    1,637,691
                             --------   -----------  -----------  ----------
BALANCE, December 31, 2006  $  6,660   $13,375,862  $13,382,522   20,165.79
                             ========   ===========  ===========  ==========

 The accompanying Notes to Financial Statements are an integral
                     part of this statement.
</PAGE>
<PAGE>
   AEI NET LEASE INCOME & GROWTH FUND XIX LIMITED PARTNERSHIP
                  NOTES TO FINANCIAL STATEMENTS
                   DECEMBER 31, 2006 AND 2005

(1)  Organization -

     AEI  Net  Lease Income & Growth Fund XIX Limited Partnership
     (Partnership)  was  formed to acquire and  lease  commercial
     properties   to   operating  tenants.    The   Partnership's
     operations  are  managed by AEI Fund  Management  XIX,  Inc.
     (AFM), the Managing General Partner.  Robert P. Johnson, the
     President and sole director of AFM, serves as the Individual
     General  Partner.  AFM is a wholly owned subsidiary  of  AEI
     Capital  Corporation of which Mr. Johnson  is  the  majority
     shareholder.  AEI Fund Management, Inc. (AEI), an  affiliate
     of  AFM, performs the administrative and operating functions
     for the Partnership.

     The   terms  of  the  Partnership  offering  called  for   a
     subscription  price of $1,000 per Limited Partnership  Unit,
     payable   on  acceptance  of  the  offer.   The  Partnership
     commenced   operations  on  May  31,   1991   when   minimum
     subscriptions    of   1,500   Limited   Partnership    Units
     ($1,500,000)   were   accepted.   The  offering   terminated
     February  5, 1993 when the extended offering period expired.
     The   Partnership  received  subscriptions  for   21,151.928
     Limited  Partnership Units.  Under the terms of the  Limited
     Partnership  Agreement,  the Limited  Partners  and  General
     Partners  contributed  funds  of  $21,151,928,  and  $1,000,
     respectively.

     During operations, 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.

     Any  Net  Proceeds  of Sale, as defined, from  the  sale  or
     financing of 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
     12%  of  their  Adjusted  Capital  Contribution  per  annum,
     cumulative  but not compounded, to the extent not previously
     distributed  from Net Cash Flow; (ii) any remaining  balance
     will  be distributed 90% to the Limited Partners and 10%  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  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 in  the
     same  ratio  as  the  last  dollar  of  Net  Cash  Flow   is
     distributed.   Net losses from operations will be  allocated
     98% to the Limited Partners and 2% to the General Partners.


   AEI NET LEASE INCOME & GROWTH FUND XIX LIMITED PARTNERSHIP
                  NOTES TO FINANCIAL STATEMENTS
                   DECEMBER 31, 2006 AND 2005

(1)  Organization - (Continued)

     For  tax purposes, profits arising from the sale, financing,
     or  other  disposition  of 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 12% of their Adjusted Capital Contributions
     per  annum, cumulative but not compounded, to the extent not
     previously  allocated;  (iii)  third,  the  balance  of  any
     remaining  gain  will then be allocated 90% to  the  Limited
     Partners  and 10% 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.

(2)  Summary of Significant Accounting Policies -

     Financial Statement Presentation

       The  accounts  of  the Partnership are maintained  on  the
       accrual  basis of accounting for both federal  income  tax
       purposes and financial reporting purposes.

     Accounting Estimates

       Management  uses  estimates and assumptions  in  preparing
       these  financial statements in accordance  with  generally
       accepted  accounting  principles.   Those  estimates   and
       assumptions may affect the reported amounts of assets  and
       liabilities,  the  disclosure  of  contingent  assets  and
       liabilities,  and  the  reported  revenues  and  expenses.
       Actual results could differ from those estimates.

       The  Partnership regularly assesses whether market  events
       and conditions indicate that it is reasonably possible  to
       recover  the carrying amounts of its investments  in  real
       estate  from  future operations and sales.   A  change  in
       those  market events and conditions could have a  material
       effect on the carrying amount of its real estate.

     Cash Concentrations of Credit Risk

       The  Partnership's  cash  is deposited  primarily  in  one
       financial institution and at times during the year it  may
       exceed FDIC insurance limits.

   AEI NET LEASE INCOME & GROWTH FUND XIX LIMITED PARTNERSHIP
                  NOTES TO FINANCIAL STATEMENTS
                   DECEMBER 31, 2006 AND 2005

(2)  Summary of Significant Accounting Policies - (Continued)

     Statement of Cash Flows

       For  purposes  of  reporting cash  flows,  cash  and  cash
       equivalents  may include cash in checking,  cash  invested
       in   money   market  accounts,  certificates  of  deposit,
       federal  agency notes and commercial paper with a term  of
       three months or less.

     Receivables

       Credit  terms are extended to tenants in the normal course
       of  business.   The  Partnership performs  ongoing  credit
       evaluations  of  its customers' financial  condition  and,
       generally, requires no collateral.

       Receivables   are   recorded  at   their   estimated   net
       realizable  value.  The Partnership follows  a  policy  of
       providing  an  allowance for doubtful  accounts;  however,
       based on historical experience, and its evaluation of  the
       current status of receivables, the Partnership is  of  the
       belief  that  such  accounts will be  collectible  in  all
       material  respects and thus an allowance is not necessary.
       Accounts  are considered past due if payment is  not  made
       on  a  timely  basis in accordance with the  Partnership's
       credit  terms.   Receivables considered uncollectible  are
       written off.

     Income Taxes

       The  income or loss of the Partnership for federal  income
       tax  reporting  purposes is includable in the  income  tax
       returns  of the partners.  In general, no recognition  has
       been  given to income taxes in the accompanying  financial
       statements.

       The   tax   return   and  the  amount   of   distributable
       Partnership  income or loss are subject to examination  by
       federal   and  state  taxing  authorities.   If  such   an
       examination    results   in   changes   to   distributable
       Partnership  income  or loss, the taxable  income  of  the
       partners would be adjusted accordingly.

     Real Estate

       The  Partnership's real estate is leased under triple  net
       leases   classified  as  operating  leases.   The   leases
       provide  for  base  annual  rental  payments  payable   in
       monthly  installments.  The Partnership recognizes  rental
       revenue  according to the terms of the individual  leases.
       For  leases  which  contain stated rental  increases,  the
       increases  are  recognized in the year in which  they  are
       effective.   Contingent  rental  payments  are  recognized
       when  the  contingencies on which the payments  are  based
       are  satisfied  and the rental payments become  due  under
       the terms of the leases.


   AEI NET LEASE INCOME & GROWTH FUND XIX LIMITED PARTNERSHIP
                  NOTES TO FINANCIAL STATEMENTS
                   DECEMBER 31, 2006 AND 2005

(2)  Summary of Significant Accounting Policies - (Continued)

       Real  estate is recorded at the lower of cost or estimated
       net   realizable  value.   The  Partnership  compares  the
       carrying   amount  of  its  properties  to  the  estimated
       probability-weighted future cash flows expected to  result
       from  the property and its eventual disposition.   If  the
       sum  of  the expected future cash flows is less  than  the
       carrying   amount   of  the  property,   the   Partnership
       recognizes an impairment loss by the amount by  which  the
       carrying amount of the property exceeds the fair value  of
       the property.

       The  Partnership  has capitalized as Investments  in  Real
       Estate   certain   costs  incurred  in  the   review   and
       acquisition  of the properties.  The costs were  allocated
       to the land, buildings and equipment.

       The   buildings  and  equipment  of  the  Partnership  are
       depreciated  using the straight-line method for  financial
       reporting purposes based on estimated useful lives  of  30
       years and 10 years, respectively.

       In  accordance  with  Statement  of  Financial  Accounting
       Standards  No.  144,  Accounting  for  the  Impairment  or
       Disposal  of Long-Lived Assets, upon complete disposal  of
       a  property or classification of a property as Real Estate
       Held  for  Sale,  the Partnership includes  the  operating
       results   and   sale  of  the  property  in   discontinued
       operations.   In  addition,  the Partnership  reclassifies
       the  prior periods operating results and any partial sales
       of the property to discontinued operations.

       The  Partnership accounts for properties owned as tenants-
       in-common  with  affiliated Partnerships and/or  unrelated
       third   parties   using  the  proportionate  consolidation
       method.   Each tenant-in-common owns a separate, undivided
       interest  in  the  properties.  Any tenant-in-common  that
       holds  more than a 50% interest does not control decisions
       over  the other tenant-in-common interests.  The financial
       statements  reflect  only  this  Partnership's  percentage
       share  of  the  properties' land, building and  equipment,
       liabilities, revenues and expenses.

       The  Partnership's properties are subject to environmental
       laws  and  regulations  adopted  by  various  governmental
       entities  in the jurisdiction in which the properties  are
       located.   These  laws could require  the  Partnership  to
       investigate  and remediate the effects of the  release  or
       disposal  of  hazardous materials at  these  locations  if
       found.  For each property, an environmental assessment  is
       completed  prior to acquisition.  In addition,  the  lease
       agreements  typically  strictly prohibit  the  production,
       handling, or storage of hazardous materials (except  where
       incidental  to  the  tenant's  business  such  as  use  of
       cleaning  supplies)  in violation  of  applicable  law  to
       restrict  environmental and other  damage.   Environmental
       liabilities  are  recorded  when  it  is  determined   the
       liability  is  probable and the costs  can  reasonably  be
       estimated.   There were no environmental issues  noted  or
       liabilities recorded at December 31, 2006 and 2005.


   AEI NET LEASE INCOME & GROWTH FUND XIX LIMITED PARTNERSHIP
                  NOTES TO FINANCIAL STATEMENTS
                   DECEMBER 31, 2006 AND 2005

(2)  Summary of Significant Accounting Policies - (Continued)

     Reclassification

       Certain  items  in  the prior year's financial  statements
       have  been  reclassified to conform to 2006  presentation.
       These   reclassifications  had  no  effect  on   Partners'
       capital, net income or cash flows.

     Recently Issued Accounting Pronouncements

       Management  has  reviewed  recently  issued,  but  not yet
       effective,   accounting   pronouncements  and    does  not
       expect  the  implementation  of  these  pronouncements  to
       have   a    significant  effect   on   the   Partnership's
       financial statements.

(3)  Related Party Transactions -

     The   Partnership  owns  a  40%  interest  in  a  Tumbleweed
     restaurant in Chillicothe, Ohio.  The remaining interests in
     this  property  are  owned by AEI  Real  Estate  Fund  XVIII
     Limited Partnership, an affiliate of the Partnership, and an
     unrelated third party.  The Partnership owns a 28%  interest
     in  a Champps Americana restaurant in Utica, Michigan.   The
     remaining  interests in this property are owned by  AEI  Net
     Lease  Income  &  Growth  Fund XX  Limited  Partnership,  an
     affiliate  of the Partnership, and unrelated third  parties.
     AEI  Real Estate Fund XVII Limited Partnership, an affiliate
     of  the  Partnership, owned a 28% interest in this  property
     until the interest was sold, in a series of transactions, to
     unrelated  third parties in 2004 and 2005.  The  Partnership
     owns  a  50%  interest in a Biaggi's restaurant  and  a  50%
     interest  in a Tractor Supply Company store.  The  remaining
     interests  in  these properties are owned by AEI  Net  Lease
     Income   &   Growth   Fund  XX  Limited  Partnership.    The
     Partnership owns a 37% interest in a Winn-Dixie store.   The
     remaining interests in this property are owned by AEI Income
     &  Growth Fund XXI Limited Partnership, an affiliate of  the
     Partnership,  and unrelated third parties.  The  Partnership
     owns  a 50% interest in an Eckerd drug store.  The remaining
     interests in this property are owned by AEI Real Estate Fund
     XVIII  Limited Partnership and unrelated third parties.   As
     of  December  31,  2006,  the  Partnership  owns  a  4.7849%
     interest  in a Jared Jewelry store.  The remaining interests
     in  this property are owned by unrelated third parties.  AEI
     Real  Estate  Fund  XVIII Limited Partnership  owned  a  50%
     interest in this property until the interest was sold, in  a
     series of transactions, to unrelated third parties in 2006.

   AEI NET LEASE INCOME & GROWTH FUND XIX LIMITED PARTNERSHIP
                  NOTES TO FINANCIAL STATEMENTS
                   DECEMBER 31, 2006 AND 2005

(3)  Related Party Transactions - (Continued)

     The   Partnership  owned  a  16%  interest  in  a   Razzoo's
     restaurant in Alpharetta, Georgia.  The remaining  interests
     in  this  property were owned by AEI Real Estate Fund  XVIII
     Limited Partnership, AEI Income & Growth Fund 23 LLC and AEI
     Private  Net  Lease  Millennium  Fund  Limited  Partnership,
     affiliates of the Partnership.  The Partnership owned a  50%
     interest  in  an Applebee's restaurant in Stow,  Ohio.   The
     remaining  interest in this property was owned by  AEI  Real
     Estate  Fund  XVIII  Limited Partnership.   The  Partnership
     owned  a  13% interest in a Razzoo's restaurant  in  Austin,
     Texas.  The remaining interests in this property were  owned
     by  AEI  Real Estate Fund XV Limited Partnership,  AEI  Real
     Estate  Fund  XVII  Limited Partnership, and  AEI  Income  &
     Growth  Fund  XXII  Limited Partnership, affiliates  of  the
     Partnership.   The  Partnership owned a 50%  interest  in  a
     Johnny   Carino's  restaurant  in  Longview,   Texas.    The
     remaining  interests in this property are owned by unrelated
     third   parties.    AEI  Real  Estate  Fund   XVII   Limited
     Partnership owned a 50% interest in this property until  the
     interest was sold, in a series of transactions, to unrelated
     third parties in 2005.

     AEI   and  AFM  received  the  following  compensation   and
     reimbursements for costs and expenses from the Partnership:

                                    Total Incurred by the Partnership
                                     for the Years Ended December 31

                                                           2006        2005
a.AEI and AFM are reimbursed for all costs incurred in
  connection with managing the Partnership's operations,
  maintaining the Partnership's books and communicating
  the results of operations to the Limited Partners.    $ 198,740   $ 232,714
                                                         ========    ========
b.AEI and AFM are reimbursed for all direct expenses they
  have paid on the Partnership's behalf to third parties
  relating to Partnership administration and property
  management.  These expenses included printing costs,
  legal and filing fees, direct administrative costs,
  outside audit costs, taxes, insurance and other
  property costs.                                       $  36,907   $  36,131
                                                         ========    ========
c.AEI is reimbursed for all costs and direct expenses
  incurred by it in acquiring properties on behalf of
  the Partnership.                                      $  54,928   $       0
                                                         ========    ========
d.AEI is reimbursed for all costs incurred in
  connection with the sale of property.                 $ 125,821   $  81,234
                                                         ========    ========

     The  payable  to  AEI Fund Management, Inc.  represents  the
     balance  due for the services described in 3a, b, c  and  d.
     This balance is non-interest bearing and unsecured and is to
     be paid in the normal course of business.


   AEI NET LEASE INCOME & GROWTH FUND XIX LIMITED PARTNERSHIP
                  NOTES TO FINANCIAL STATEMENTS
                   DECEMBER 31, 2006 AND 2005

(4)  Investments in Real Estate -

     The  Partnership  leases its properties to  various  tenants
     under  triple net leases, which are classified as  operating
     leases.  Under a triple net lease, the tenant is responsible
     for  all  real estate taxes, insurance, maintenance, repairs
     and  operating expenses of the property.  The only exception
     is  under  the Lease for the Advance Auto Parts  store,  the
     Company   is  responsible  for  repairs  to  the  structural
     components  of the building, except for the roof,  which  is
     the  tenant's  responsibility.  At the time  the  properties
     were  acquired, the remaining primary lease term varied from
     13  to  20 years.  The only exception was the Lease for  the
     Tractor Supply Company store had a remaining primary term of
     7.4  years.  The leases provide the tenants with two to five
     five-year  renewal  options subject to the  same  terms  and
     conditions  as  the primary term.  The leases  contain  rent
     clauses  which entitle the Partnership to receive additional
     rent  in future years based on stated rent increases  or  if
     gross  receipts  for the property exceed  certain  specified
     amounts, among other conditions.

     Certain  tenants have been granted options to  purchase  the
     property  at  a formula price.  In some of the  leases,  the
     option  price  is  stated to be the  greater  of  the  price
     determined by the stated formula or the fair market value of
     the  property  as agreed upon by the parties  or  determined
     based  on  appraisals.   In general, the  formula  price  is
     determined in one of two ways.  Under the first, the  option
     price  is  the  original  purchase  price  of  the  property
     increased  by  a  specified percentage per year,  compounded
     annually.   Under the second, the option price is determined
     by  dividing the annual rent at the time the purchase option
     is exercised by a percentage.  Based on the scheduled annual
     rent  under  the  lease, the resulting  option  price  would
     always  be  greater than the original purchase  price.   The
     actual  sale price of a property to a tenant may or may  not
     exceed   original  cost  depending  on  market   and   other
     conditions.

     The  Partnership's properties are commercial,  single-tenant
     buildings.   The  Champps  Americana  restaurant  in   Troy,
     Michigan and the Tumbleweed restaurant were constructed  and
     acquired  in  1998.   The Marie Callender's  restaurant  was
     constructed in 1998 and acquired in 1999.  The land for  the
     Champps Americana restaurant in Utica, Michigan was acquired
     in  2001 and construction of the restaurant was completed in
     2002.   The Biaggi's restaurant was constructed in 2001  and
     acquired  in 2003.  The Winn-Dixie store was constructed  in
     1997  and  acquired in 2003.  The Johnny Carino's restaurant
     in  Brownsville, Texas was constructed and acquired in 2003.
     The Jared Jewelry store was constructed in 2003 and acquired
     in 2004.  The Eckerd drug store was constructed and acquired
     in  2004.   The Advance Auto Parts store was constructed  in
     2005 and acquired in 2006.  The Tractor Supply Company store
     was constructed in 1998 and acquired in 2006.  The remaining
     properties were constructed and acquired in either  1992  or
     1993.   There have been no costs capitalized as improvements
     subsequent   to  the  acquisitions.   The  tenant   of   the
     Applebee's  restaurant in Crestwood,  Missouri  has  entered
     into  a separate agreement with an unrelated third party  to
     lease the land on which the building is situated.


   AEI NET LEASE INCOME & GROWTH FUND XIX LIMITED PARTNERSHIP
                  NOTES TO FINANCIAL STATEMENTS
                   DECEMBER 31, 2006 AND 2005

(4)  Investments in Real Estate - (Continued)

     The  cost  of  the properties not held for sale and  related
     accumulated  depreciation  at  December  31,  2006  are   as
     follows:
                                           Buildings and          Accumulated
Property                          Land       Equipment     Total  Depreciation

Taco Cabana, San Antonio, TX    $  598,533  $  548,741 $ 1,147,274 $  276,199
Applebee's, Crestwood, MO                0     803,418     803,418    379,453
HomeTown Buffet, Tucson, AZ         15,314      13,104      28,418      5,916
Applebee's, Temple Terrace, FL      44,568      51,694      96,262     24,470
Champps Americana, Troy, MI            256         532         788        151
Tumbleweed, Chillicothe, OH        206,725     298,499     505,224     86,476
Marie Callender's, Henderson, NV    18,209      25,933      44,142      6,265
Champps Americana, Utica, MI       346,554     617,320     963,874    104,812
Biaggi's, Ft. Wayne, IN            503,205     876,142   1,379,347    102,217
Winn-Dixie, Panama City, FL        338,850   1,373,979   1,712,829    150,755
Johnny Carino's, Brownsville, TX 1,035,895   1,286,715   2,322,610    128,673
Advance Auto Parts, Harlingen, TX  486,588   1,113,415   1,600,003     32,475
Tractor Supply, Mesquite, TX       326,967     904,658   1,231,625     23,873
                                 ---------   ---------  ----------  ---------
                                $3,921,664  $7,914,150 $11,835,814 $1,321,735
                                 =========   =========  ==========  =========


     In February 2005, Winn-Dixie Montgomery, Inc., the tenant of
     the Winn-Dixie store in Panama City, Florida, and its parent
     company,  Winn-Dixie, Inc., filed for Chapter 11  bankruptcy
     reorganization.  On June 29, 2006, Winn-Dixie issued a press
     release  announcing  that  it filed  its  proposed  Plan  of
     Reorganization with the bankruptcy court.  In November 2006,
     the   bankruptcy   court  approved  Winn-Dixie's   Plan   of
     Reorganization  and  the Plan became effective.   Under  the
     Plan, Winn-Dixie assumed the Lease for this store under  its
     original terms without any rent concessions.  As of the date
     of  this  report,  Winn-Dixie has complied  with  all  Lease
     terms.

     On  February 17, 2006, the Partnership purchased an  Advance
     Auto  Parts  store in Harlingen, Texas for $1,600,003.   The
     property is leased to Advance Stores Company, Inc.  under  a
     Lease  Agreement with a remaining primary term of 14.4 years
     and initial annual rent of $111,210.

     On  March 10, 2006, the Partnership purchased a 50% interest
     in  a  Tractor Supply Company store in Mesquite,  Texas  for
     $1,231,625.   The  property  is  leased  to  Tractor  Supply
     Company  under  a  Lease Agreement with a remaining  primary
     term of 7.4 years and initial annual rent of $87,258.

   AEI NET LEASE INCOME & GROWTH FUND XIX LIMITED PARTNERSHIP
                  NOTES TO FINANCIAL STATEMENTS
                   DECEMBER 31, 2006 AND 2005

(4)  Investments in Real Estate - (Continued)

     The  Partnership owns a 2.4058% interest in  a  Taco  Cabana
     restaurant in Waco, Texas, a 2.2074% interest in a  HomeTown
     Buffet  restaurant,  a  9.0963% interest  in  an  Applebee's
     restaurant in Temple Terrace, Florida, a .016% interest in a
     Champps  restaurant in Troy, Michigan and a 2.5775% interest
     in  a Marie Callender's restaurant.  The remaining interests
     in  these  properties are owned by unrelated third  parties,
     who  own  the properties with the Partnership as tenants-in-
     common.

     For  properties owned as of December 31, 2006,  the  minimum
     future rent payments required by the leases are as follows:

                       2007           $ 1,328,181
                       2008             1,346,670
                       2009             1,364,256
                       2010             1,373,866
                       2011             1,391,871
                       Thereafter       8,250,723
                                       ----------
                                      $15,055,567
                                       ==========

     There were no contingent rents recognized in 2006 and 2005.

(5)  Note Receivable -

     On  July  11,  2003,  as part of the  sale  of  the  Denny's
     restaurant  in  Apple  Valley, California,  the  Partnership
     received  a  Promissory Note in the amount of $128,750  from
     the  tenant, who purchased the property.  The Note  required
     monthly payments of $1,077, bore interest at an 8% rate  and
     was  secured by the land, building and equipment.  On August
     3,  2005, the Partnership received the outstanding principal
     and accrued interest due on the Note.

   AEI NET LEASE INCOME & GROWTH FUND XIX LIMITED PARTNERSHIP
                  NOTES TO FINANCIAL STATEMENTS
                   DECEMBER 31, 2006 AND 2005

(6)  Major Tenants -

     The following schedule presents rent revenue from individual
     tenants,   or  affiliated  groups  of  tenants,   who   each
     contributed more than ten percent of the Partnership's total
     rent revenue for the years ended December 31:

      Tenants                         Industry           2006       2005

     Texas Taco Cabana L.P.          Restaurant       $ 205,897   $ 227,692
     Kona Restaurant Group, Inc.     Restaurant         202,114     293,554
     Eckerd Corporation              Retail             184,753     184,753
                                                       ---------   ---------
     Aggregate rent revenue of major tenants          $ 592,764   $ 705,999
                                                       =========   =========
     Aggregate rent revenue of major tenants as
     a percentage of total rent revenue                      38%         44%
                                                       =========   =========

(7)  Discontinued Operations -

     In  July  2003,  the tenant of the Razzoo's  restaurants  in
     Alpharetta,   Georgia  and  Austin,   Texas   notified   the
     Partnership  that  it was experiencing financial  difficulty
     stemming  from lower than expected sales and that  it  might
     not  be  able to pay future rents.  In late 2003, the tenant
     closed  the  restaurant in Alpharetta and said  that  it  no
     longer  intended  to  operate  a  restaurant  at  the  site.
     Subsequent  to  this action, the tenant and the  Partnership
     reached  a  settlement related to the properties, the  Lease
     for  the  property in Austin was amended, the Lease for  the
     property  in  Alpharetta  was  terminated  and  the   tenant
     returned  possession of the property in  Alpharetta  to  the
     Partnership.    While   this  property   was   vacant,   the
     Partnership was responsible for real estate taxes and  other
     costs required to maintain the property.

     In  December 2004, the Partnership entered into an agreement
     to  sell  the  property in Alpharetta to an unrelated  third
     party.   On  March  29,  2005,  the  sale  closed  with  the
     Partnership  receiving net sale proceeds of $432,160,  which
     resulted in a net gain of $32,160.  At the time of sale, the
     net book value of the property was $400,000.

     The amendment to the Lease for the property in Austin, Texas
     provided  the  tenant with options to purchase the  property
     and  terminate the Lease.  Under the purchase option,  which
     expired  October 31, 2006, the tenant could have elected  to
     purchase  the  Partnership's interest in  the  property  for
     $338,000.   Under the termination option, the  tenant  could
     elect  to terminate the Lease by providing no less than  six
     months prior written notice and paying a termination payment
     equal  to  one year's rent.  As part of this agreement,  the
     Partnership received a personal guarantee from the  majority
     shareholder  of the tenant for payment of the  rent  through
     October  31,  2006.  The tenant continued to  pay  rent  and
     complied with its Lease obligations.


   AEI NET LEASE INCOME & GROWTH FUND XIX LIMITED PARTNERSHIP
                  NOTES TO FINANCIAL STATEMENTS
                   DECEMBER 31, 2006 AND 2005

(7)  Discontinued Operations - (Continued)

     On  April  30,  2006,  the tenant exercised  its  option  to
     terminate  the  Lease  for the property  in  Austin,  Texas,
     effective October 31, 2006.  The tenant paid the Partnership
     the required payment of $43,025 on October 31, 2006, and the
     Lease was terminated.  The Partnership actively marketed the
     property for sale and listed it with a real estate broker in
     the  Austin area.  Based on an analysis of market conditions
     in  the  area,  the Partnership determined the property  was
     impaired in accordance with the requirements of Statement of
     Financial Accounting Standards No. 144, Accounting  for  the
     Impairment or Disposal of Long-Lived Assets.  As  a  result,
     in  the  first  quarter  of 2006, a charge  to  discontinued
     operations  for  real  estate  impairment  of  $143,902  was
     recognized, which was the difference between the book  value
     at  March 31, 2006 of $377,902 and the estimated fair  value
     of  $234,000.  The charge was recorded against the  cost  of
     the land, building and equipment.

     In September 2006, the Partnership entered into an agreement
     to  sell the property in Austin, Texas to an unrelated third
     party.   On  November  21, 2006, the sale  closed  with  the
     Partnership  receiving net sale proceeds of $227,742,  which
     resulted in a net loss of $6,258.  At the time of sale,  the
     net book value of the property was $234,000.

     During  the  fourth  quarter of 2005, the  Partnership  sold
     23.1409%  of  the  Johnny Carino's restaurant  in  Longview,
     Texas,  in  three separate transactions, to unrelated  third
     parties.   The Partnership received total net sale  proceeds
     of  $758,149, which resulted in a net gain of $237,562.  The
     cost  and  related accumulated depreciation of the interests
     sold was $546,069 and $25,482, respectively.

     During  the first quarter of 2006, the Partnership sold  its
     remaining   26.8591%   interest  in  the   Johnny   Carino's
     restaurant   in   Longview,   Texas,   in   three   separate
     transactions,  to unrelated third parties.  The  Partnership
     received total net sale proceeds of $860,603, which resulted
     in a net gain of $256,370.  The cost and related accumulated
     depreciation of the interests sold was $633,809 and $29,576,
     respectively.   At  December  31,  2005,  the  property  was
     classified as Real Estate Held for Sale with a book value of
     $604,233.

     In  October 2005, the Partnership entered into an  agreement
     to  sell  its  50% interest in the Applebee's restaurant  in
     Stow,  Ohio  to an unrelated third party.  On  November  15,
     2005,  the  sale closed with the Partnership  receiving  net
     sale proceeds of $1,835,784, which resulted in a net gain of
     $310,235.   At  the  time  of sale,  the  cost  and  related
     accumulated   depreciation  was  $1,575,755   and   $50,206,
     respectively.

     During  2006,  the Partnership sold 45.2151%  of  the  Jared
     Jewelry   store  in  Lakewood,  Colorado,  in  six  separate
     transactions,  to unrelated third parties.  The  Partnership
     received  total  net  sale  proceeds  of  $2,166,911,  which
     resulted  in  a net gain of $419,982.  The cost and  related
     accumulated   depreciation  of  the   interests   sold   was
     $1,824,522 and $77,593, respectively.


   AEI NET LEASE INCOME & GROWTH FUND XIX LIMITED PARTNERSHIP
                  NOTES TO FINANCIAL STATEMENTS
                   DECEMBER 31, 2006 AND 2005

(7)  Discontinued Operations - (Continued)

     Subsequent  to December 31, 2006, the Partnership  sold  its
     remaining  4.7849% interest in the Jared  Jewelry  store  in
     Lakewood,  Colorado  to  an  unrelated  third  party.    The
     Partnership  received  net  sale proceeds  of  approximately
     $227,000,  which  resulted in a net  gain  of  approximately
     $42,100.   The cost and related accumulated depreciation  of
     the interest sold was $193,081 and $8,211, respectively.  At
     December  31,  2006,  the property was  classified  as  Real
     Estate Held for Sale with a book value of $184,870.

     Subsequent  to December 31, 2006, the Partnership  sold  its
     2.4058%  interest  in  the Taco Cabana restaurant  in  Waco,
     Texas  to  the  tenant.  The Partnership received  net  sale
     proceeds of approximately $39,000, which resulted in  a  net
     gain   of  approximately  $25,200.   The  cost  and  related
     accumulated  depreciation of the interest sold  was  $19,721
     and   $5,924,  respectively.   At  December  31,  2006,  the
     property was classified as Real Estate Held for Sale with  a
     book value of $13,797.

     The  Partnership is attempting to sell its 50%  interest  in
     the  Eckerd drug store in Auburn, New York.  At December 31,
     2006,  the property was classified as Real Estate  Held  for
     Sale with a book value of $2,178,646.

     During 2006 and 2005, the Partnership distributed $2,972,624
     and $497,297 of net sale proceeds to the Limited and General
     Partners  as  part  of their quarterly distributions,  which
     represented  a return of capital of $145.78 and  $24.27  per
     Limited Partnership Unit, respectively.

     The financial results for these properties are reflected  as
     Discontinued   Operations  in  the  accompanying   financial
     statements.   The following are the results of  discontinued
     operations for the years ended December 31:

                                                  2006          2005

     Rental Income                             $ 391,671     $  591,586
     Property Management Expenses                 (2,669)        (5,983)
     Depreciation                                (54,871)      (139,298)
     Real Estate Impairment                     (143,902)             0
     Gain on Disposal of Real Estate             670,094        579,957
                                                ---------     ----------
          Income from Discontinued Operations  $ 860,323     $1,026,262
                                                =========     ==========


   AEI NET LEASE INCOME & GROWTH FUND XIX LIMITED PARTNERSHIP
                  NOTES TO FINANCIAL STATEMENTS
                   DECEMBER 31, 2006 AND 2005

(8)  Partners' Capital -

     Cash  distributions of $43,608 and $18,861 were made to  the
     General Partners and $4,317,269 and $1,867,278 were made  to
     the  Limited Partners for the years ended December 31,  2006
     and 2005, respectively.  The Limited Partners' distributions
     represent  $213.14 and $92.05 per Limited  Partnership  Unit
     outstanding  using 20,256 and 20,286 weighted average  Units
     in 2006 and 2005, respectively.  The distributions represent
     $78.06  and  $79.67 per Unit of Net Income and  $135.08  and
     $12.38  per  Unit  of return of capital in  2006  and  2005,
     respectively.

     As  part  of  the  Limited  Partner distributions  discussed
     above,  the Partnership distributed $2,942,898 and  $492,324
     of   proceeds  from  property  sales  in  2006   and   2005,
     respectively.   The   distributions  reduced   the   Limited
     Partners' Adjusted Capital Contributions.

     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 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  2006,  three Limited Partners redeemed  a  total  of
     120.0  Partnership Units for $31,077 in accordance with  the
     Partnership Agreement.  The Partnership acquired these Units
     using  Net  Cash  Flow from operations.   During  2005,  the
     Partnership  did  not  redeem any  Units  from  the  Limited
     Partners.   In  prior years, a total of 77 Limited  Partners
     redeemed   866.14  Partnership  Units  for  $557,626.    The
     redemptions   increase  the  remaining   Limited   Partners'
     ownership interest in the Partnership.  As a result of these
     redemption   payments  and  pursuant  to   the   Partnership
     Agreement,  the  General Partners received distributions  of
     $314 in 2006.

     After  the  effect of redemptions and the return of  capital
     from   the   sale   of   property,  the   Adjusted   Capital
     Contribution,  as defined in the Partnership  Agreement,  is
     $698.95 per original $1,000 invested.


   AEI NET LEASE INCOME & GROWTH FUND XIX LIMITED PARTNERSHIP
                  NOTES TO FINANCIAL STATEMENTS
                   DECEMBER 31, 2006 AND 2005

(9)  Income Taxes -

     The   following  is  a  reconciliation  of  net  income  for
     financial reporting purposes to income reported for  federal
     income tax purposes for the years ended December 31:

                                                         2006          2005

     Net  Income  for Financial Reporting Purposes    $1,637,691   $1,632,577

     Depreciation for Tax Purposes Under
         Depreciation for Financial Reporting Purposes    37,165       46,058

     Gain on Sale of Real Estate for Tax Purposes
         Over (Under) Gain for Financial Reporting
         Purposes                                          2,001     (158,283)
                                                       ----------   ----------
           Taxable Income to Partners                 $1,676,857   $1,520,352
                                                       ==========   ==========

     The  following is a reconciliation of Partners' capital  for
     financial  reporting purposes to Partners' capital  reported
     for federal income tax purposes for the years ended December
     31:
                                                             2006       2005

     Partners'Capital for Financial Reporting Purposes $13,382,522 $16,137,099

     Adjusted Tax Basis of Investments in Real Estate
         Over Net Investments in Real Estate
         for Financial Reporting Purposes                  136,549      97,383

     Syndication Costs Treated as Reduction
         of Capital For Financial Reporting Purposes     3,012,278   3,012,278
                                                        ----------- ----------
          Partners' Capital for Tax Reporting Purposes $16,531,349 $19,246,760
                                                        =========== ==========


   AEI NET LEASE INCOME & GROWTH FUND XIX LIMITED PARTNERSHIP
                  NOTES TO FINANCIAL STATEMENTS
                   DECEMBER 31, 2006 AND 2005

(10) Fair Value of Financial Instruments -

     The estimated fair values of the financial instruments, none
     of  which  are held for trading purposes, are as follows  at
     December 31:

                                    2006                  2005
                            Carrying      Fair    Carrying      Fair
                             Amount       Value     Amount      Value

     Money Market Funds   $3,326,693   $3,326,693  $3,845,555  $3,845,555
                           ---------    ---------   ---------   ---------
       Total Cash and
         Cash Equivalents $3,326,693   $3,326,693  $3,845,555  $3,845,555
                           =========    =========   =========   =========


ITEM 8.   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
          ACCOUNTING AND FINANCIAL DISCLOSURE.

       None.

ITEM 8A. CONTROLS AND PROCEDURES.

       (a) Evaluation of disclosure controls and procedures

        Under  the  supervision  and with  the  participation  of
management, including its President and Chief Financial  Officer,
the  Managing  General Partner of the Partnership  evaluated  the
effectiveness  of  the  design and operation  of  its  disclosure
controls  and procedures (as defined in Rule 13a-14(c) under  the
Exchange  Act).   Based upon that evaluation, the  President  and
Chief Financial Officer of the Managing General Partner concluded
that,  as  of  the end of the period covered by this report,  the
disclosure  controls  and  procedures  of  the  Partnership   are
adequately  designed to ensure that information  required  to  be
disclosed  by  us  in  the reports we file or  submit  under  the
Exchange  Act  is recorded, processed, summarized  and  reported,
within  the time periods specified in applicable rules and  forms
and  that  such  information is accumulated and  communicated  to
management,  including the President and Chief Financial  Officer
of  the  Managing General Partner, in a manner that allows timely
decisions regarding required disclosure.

       (b)  Changes in internal controls

         There   were   no  significant  changes  made   in   the
Partnership's  internal controls during the  most  recent  period
covered  by  this  report that have materially affected,  or  are
reasonably   likely  to  materially  affect,  the   Partnership's
internal control over financial reporting.

ITEM 8B. OTHER INFORMATION.

       None.


                            PART III

ITEM 9.DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND
       CONTROL PERSONS AND CORPORATE GOVERNANCE;
       COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT.

        The  registrant  is  a  limited partnership  and  has  no
officers,  directors, or direct employees.  The General  Partners
manage  and  control the Partnership's affairs and  have  general
responsibility  and  the  ultimate  authority  in   all   matters
affecting  the Partnership's business.  The General Partners  are
AEI  Fund  Management  XIX,  Inc.  (AFM),  the  Managing  General
Partner,   and  Robert  P.  Johnson,  Chief  Executive   Officer,
President  and  sole  director  of AFM,  the  Individual  General
Partner.   AFM  is  a  wholly  owned subsidiary  of  AEI  Capital
Corporation  of  which  Mr. Johnson is the majority  shareholder.
AFM  has only one senior financial executive, its Chief Financial
Officer.   The  Chief Financial Officer reports directly  to  Mr.
Johnson  and  is  accountable for his  actions  to  Mr.  Johnson.
Although Mr. Johnson and AFM require that all of their personnel,
including  the  Chief  Financial Officer, engage  in  honest  and
ethical  conduct,  ensure  full,  fair,  accurate,  timely,   and
understandable    disclosure,   comply   with   all    applicable
governmental  laws,  rules and regulations,  and  report  to  Mr.
Johnson   any  deviation  from  these  principles,  because   the
organization  is  composed of only approximately 35  individuals,
because  the  management of a partnership by an entity  that  has
different  interests in distributions and income  than  investors
involves numerous conflicts of interest that must be resolved  on
a  daily  basis, and because the ultimate decision maker  in  all
instances  is Mr. Johnson, AFM has not adopted a formal  code  of
conduct.   Instead,  the materials pursuant  to  which  investors
purchase Units disclose these conflicts of interest in detail and
Mr.  Johnson,  as  the  CEO and sole director  of  AFM,  resolves
conflicts  to  the  best  of  his ability,  consistent  with  his
fiduciary obligations to AFM and the fiduciary obligations of AFM
to  the  Partnership.  The director and officers of  AFM  are  as
follows:

        Robert  P.  Johnson, age 62, is Chief Executive  Officer,
President  and  sole director and has held these positions  since
the formation of AFM in September, 1990, and has been elected  to
continue  in these positions until December 2007.  From  1970  to
the  present, he has been employed exclusively in the  investment
industry,  specializing in limited partnership  investments.   In
that capacity, he has been involved in the development, analysis,
marketing   and  management  of  public  and  private  investment
programs investing in net lease properties as well as public  and
private  investment  programs investing  in  energy  development.
Since 1971, Mr. Johnson has been the president, a director and  a
registered principal of AEI Securities, Inc., which is registered
with  the SEC as a securities broker-dealer, is a member  of  the
National Association of Securities Dealers, Inc. (NASD) and is  a
member  of the Security Investors Protection Corporation  (SIPC).
Mr.  Johnson  has  been president, a director and  the  principal
shareholder   of  AEI  Fund  Management,  Inc.,  a  real   estate
management  company founded by him, since 1978.  Mr.  Johnson  is
currently  a general partner or principal of the general  partner
in ten limited partnerships and a managing member in four LLCs.

ITEM 9.DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND
       CONTROL PERSONS AND CORPORATE GOVERNANCE;
       COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT.
(Continued)

        Patrick  W.  Keene,  age 47, is Chief Financial  Officer,
Treasurer  and  Secretary  and has  held  these  positions  since
January  22,  2003  and  has been elected to  continue  in  these
positions  until December 2007.  Mr. Keene has been  employed  by
AEI  Fund  Management, Inc. and affiliated entities  since  1986.
Prior  to being elected to the positions above, he was Controller
of  the various entities.  From 1982 to 1986, Mr. Keene was  with
KPMG  Peat  Marwick  Certified Public Accountants,  first  as  an
auditor and later as a tax manager.  Mr. Keene is responsible for
all accounting functions of AFM and the registrant.

       Since Mr. Johnson serves as the Individual General Partner
of  the Partnership, as well as the sole director of AFM, all  of
the  duties  that  might be assigned to an  audit  committee  are
assigned  to Mr. Johnson.  Mr. Johnson is not an audit  committee
financial expert, as defined.  As an officer and majority  owner,
through  a parent company, of AFM, and as the Individual  General
Partner, Mr. Johnson is not a "disinterested director" and may be
subject to a number of conflicts of interests in his capacity  as
sole director of AFM.

        Before the independent auditors are engaged, Mr. Johnson,
as the sole director of AFM, approves all audit-related fees, and
all permissible nonaudit fees, for services of our auditors.

Section 16(a) Beneficial Ownership Reporting Compliance

        Under federal securities laws, the directors and officers
of  the  General  Partner of the Partnership, and any  beneficial
owner  of  more than 10% of a class of equity securities  of  the
Partnership,  are  required  to report  their  ownership  of  the
Partnership's equity securities and any changes in such ownership
to  the  Securities  and Exchange Commission (the  "Commission").
Specific due dates for these reports have been established by the
Commission, and the Partnership is required to disclose  in  this
Annual Report on 10-KSB any delinquent filing of such reports and
any  failure  to file such reports during the fiscal  year  ended
December  31, 2006.  Based upon information provided by  officers
and directors of the General Partner, all officers, directors and
10% owners filed all reports on a timely basis in the 2006 fiscal
year.

ITEM 10.  EXECUTIVE COMPENSATION.

        The General Partner and affiliates are reimbursed at cost
for  all  services performed on behalf of the registrant and  for
all  third party expenses paid on behalf of the registrant.   The
cost for services performed on behalf of the registrant is actual
time  spent  performing such services plus  an  overhead  burden.
These  services include organizing the registrant  and  arranging
for  the  offer  and  sale  of Units,  reviewing  properties  for
acquisition and rendering administrative, property management and
property  sales services.  The amount and nature of such payments
are detailed in Item 12 of this annual report on Form 10-KSB.

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
         MANAGEMENT AND RELATED STOCKHOLDER MATTERS.

        The following table sets forth information pertaining  to
the   ownership  of  the  Units  by  each  person  known  by  the
Partnership to beneficially own 5% or more of the Units, by  each
General  Partner, and by each officer or director of the Managing
General Partner as of February 28, 2007:

     Name and Address                   Number of     Percent
   of Beneficial Owner                  Units Held    of Class

   AEI Fund Management XIX, Inc.            0          0.00%
   Robert P. Johnson                       5.12        0.03%
   Patrick W. Keene                         0          0.00%

   Address for all:
   1300 Wells Fargo Place
   30 East 7th Street, St. Paul, Minnesota 55101

The  persons  set forth in the preceding table hold  sole  voting
power  and power of disposition with respect to all of the  Units
set forth opposite their names.  The General Partners know of  no
holders of more than 5% of the outstanding Units.

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND
         DIRECTOR INDEPENDENCE.

        The  registrant,  AFM  and  its  affiliates  have  common
management and utilize the same facilities.  As a result, certain
administrative  expenses  are  allocated  among   these   related
entities.   All  of  such activities and any  other  transactions
involving the affiliates of the General Partner of the registrant
are  governed  by,  and  are conducted in  conformity  with,  the
limitations set forth in the Limited Partnership Agreement of the
registrant.   Reference  is  made to  Note  3  of  the  Financial
Statements,   as  presented,  and  is  incorporated   herein   by
reference,  for  details of related party  transactions  for  the
years ended December 31, 2006 and 2005.

        Neither the registrant, nor the Managing General  Partner
of  the  registrant, has a board of directors consisting  of  any
members who are "independent."  The sole director of the Managing
General  Partner,  Robert  P. Johnson,  is  also  the  Individual
General  Partner  of the registrant, and is the  Chief  Executive
Officer,  and  indirectly the principal owner,  of  the  Managing
General  Partner.  Accordingly, there is no disinterested  board,
or   other   functioning   body,  that  reviews   related   party
transactions, or the transactions between the registrant and  the
General  Partners,  except as performed in  connection  with  the
audit of its financial statements.

        The  limitations  included in the  Partnership  Agreement
require   that  the  cumulative  reimbursements  to  the  General
Partners  and  their affiliates for administrative  expenses  not
allowed under the NASAA Guidelines ("Guidelines") will not exceed
the  sum of (i) the front-end fees allowed by the Guidelines less
the  front-end fees paid by the Partnership, (ii) the  cumulative
property management fees allowed by the Guidelines but not  paid,
(iii)  any real estate commission allowed by the Guidelines,  and
(iv)  10%  of  Net  Cash  Flow less the Net  Cash  Flow  actually
distributed to the General Partners.  The administrative expenses
not  allowed under the Guidelines include a controlling  person's
salary  and  fringe  benefits,  rent  and  depreciation.   As  of
December  31, 2006, the cumulative reimbursements to the  General
Partners and their affiliates did not exceed those amounts.


ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND
          DIRECTOR INDEPENDENCE.  (Continued)

        The following table sets forth the forms of compensation,
distributions  and cost reimbursements paid by the registrant  to
the  General Partners or their Affiliates in connection with  the
operation  of  the Fund and its properties for  the  period  from
inception through December 31, 2006.

Person or Entity                                     Amount Incurred From
 Receiving                Form and Method      Inception (September 14, 1990)
Compensation              of Compensation            To December 31, 2006

AEI Securities, Inc. Selling Commissions equal to 7%        $2,115,193
                     of proceeds plus a 3% nonaccountable
                     expense allowance, most of which was
                     reallowed to Participating Dealers.

General Partners and Reimbursement at Cost for other        $  903,786
Affiliates           Organizaiton and Offering Costs.

General Partners and Reimbursement at Cost for all          $  793,888
Affiliates           Acquisition Expenses.

General Partners and Reimbursement at Cost for all          $3,710,040
Affiliates           Administrative Expenses attributable
                     to the Fund, including all expenses
                     related to management of the Fund's
                     properties and all other transfer agency,
                     reporting, partner relations and other
                     administrative functions.

General Partners and Reimbursement at Cost for all expenses $1,120,126
Affiliates           related to the disposition of the
                     Fund's properties.

General Partners     1% of Net Cash Flow in any fiscal year $  234,427
                     until the Limited Partners have
                     received annual, non-cumulative
                     distributions of Net Cash Flow  equal
                     to 10% of their Adjusted Capital
                     Contributions and 10% of any
                     remaining Net Cash Flow in such
                     fiscal year.

General Partners     1% of distributions of Net Proceeds    $   71,282
                     of Sale until Limited Partners have
                     received an amount equal to (a) their
                     Adjusted Capital Contributions,  plus
                     (b) an amount equal to 12% of their
                     Adjusted Capital Contributions per
                     annum, cumulative but not compounded,
                     to  the  extent  not   previously
                     distributed. 10% of distributions of
                     Net Proceeds  of  Sale thereafter.


                             PART IV

ITEM 13.  EXHIBITS.

    3.1   Certificate  of  Limited Partnership  (incorporated  by
    reference  to  Exhibit  3.1 of the registrant's  Registration
    Statement  on Form S-11 filed on October 10, 1990  [File  No.
    33-37239]).

    3.2    Limited   Partnership   Agreement   (incorporated   by
    reference  to  Exhibit  3.2 of the registrant's  Registration
    Statement  on Form S-11 filed on October 10, 1990  [File  No.
    33-37239]).

    10.1  Net  Lease Agreement dated March 16, 1992  between  the
    Partnership  and Taco Cabana, Inc. relating to  the  Property
    at  6040  Bandera  Road, San Antonio, Texas (incorporated  by
    reference to Exhibit 10.1 of Post-Effective Amendment  No.  1
    to  the  registrant's  Registration Statement  on  Form  S-11
    filed June 15, 1992 [File No. 33-37239]).

    10.2  Net  Lease Agreement dated April 14, 1993  between  the
    Partnership  and Apple Partners Limited Partnership  relating
    to  the  Property at 9041-E Watson Road, Crestwood,  Missouri
    (incorporated  by  reference to Exhibit 10.18  of  Form  10-K
    filed March 29, 1994).

    10.3  Net  Lease Agreement dated April 13, 1998  between  the
    Partnership,  AEI Real Estate Fund XVIII Limited Partnership,
    Robert  P.  Johnson,  and Tumbleweed,  LLC  relating  to  the
    Property  at  1150  North  Bridge Street,  Chillicothe,  Ohio
    (incorporated  by reference to Exhibit 10.2  of  Form  10-QSB
    filed May 14, 1998).

    10.4  First  Amendment to Net Lease Agreement dated  November
    20,  1998 between the Partnership, AEI Real Estate Fund XVIII
    Limited  Partnership, Robert P. Johnson and  Tumbleweed,  LLC
    relating  to  the  Property  at  1150  North  Bridge  Street,
    Chillicothe,  Ohio  (incorporated  by  reference  to  Exhibit
    10.53 of Form 10-KSB filed March 30, 1999).

    10.5  Net  Lease Agreement dated April 27, 2001  between  the
    Partnership,  AEI Real Estate Fund XVII Limited  Partnership,
    AEI  Net  Lease  Income & Growth Fund XX Limited  Partnership
    and  Champps Entertainment, Inc. relating to the Property  at
    12515  Hall Road, Utica, Michigan (incorporated by  reference
    to Exhibit 10.2 of Form 10-QSB filed May 15, 2001).

    10.6  First  Amendment to Net Lease Agreement dated  February
    12,  2002 between the Partnership, AEI Real Estate Fund  XVII
    Limited  Partnership, AEI Net Lease Income & Growth  Fund  XX
    Limited  Partnership and Champps Entertainment, Inc. relating
    to   the   Property  at  12515  Hall  Road,  Utica,  Michigan
    (incorporated  by reference to Exhibit 10.77 of  Form  10-KSB
    filed March 29, 2002).

    10.7  Assignment and Assumption of Lease dated July 3,  2003,
    between  the Partnership, AEI Net Lease Income & Growth  Fund
    XX  Limited  Partnership and NMA Fort Wayne, LLC relating  to
    the   Property  at  4010  Jefferson  Boulevard,  Fort  Wayne,
    Indiana  (incorporated by reference to Exhibit 10.3  of  Form
    10-QSB filed August 14, 2003).

    10.8  Assignment  and  Assumption of  Lease  Agreement  dated
    September  19,  2003 between the Partnership,  AEI  Income  &
    Growth  Fund  XXI  Limited Partnership, AEI Income  &  Growth
    Fund  24, LLC and Transmitter Crossing, LLC relating  to  the
    Property  at  3621  Highway 231 North, Panama  City,  Florida
    (incorporated  by reference to Exhibit 10.2  of  Form  10-QSB
    filed November 13, 2003).

    10.9 Net Lease Agreement dated December 30, 2003 between  the
    Partnership and Kona Restaurant Group, Inc. relating  to  the
    Property  at  2600  Highway 77/83, North  Brownsville,  Texas
    (incorporated by reference to Exhibit 10.2 of Form 8-K  filed
    January 14, 2004).

    10.10      Assignment and Assumption of Lease dated  February
    5,  2004 between the Partnership, AEI Real Estate Fund  XVIII
    Limited  Partnership and Translakewood, LLC relating  to  the
    Property  at  14145  West Colfax Avenue,  Lakewood,  Colorado
    (incorporated by reference to Exhibit 10.2 of Form 8-K  filed
    February 20, 2004).

ITEM 13.  EXHIBITS.  (Continued)

    10.11  Assignment and Assumption of Lease dated  May 10, 2004
    between  the Partnership, AEI Real Estate Fund XVIII  Limited
    Partnership  and Grant Ave. & Standard Ave. Development,  LLC
    relating  to  the Property at 157 Grant Avenue,  Auburn,  New
    York  (incorporated by reference to Exhibit 10.2 of Form  8-K
    filed May 24, 2004).

    10.12  Purchase Agreement dated October 19, 2005  between the
    Partnership,  AEI Real Estate Fund XVIII Limited  Partnership
    and  KOE  LLC  relating to the Property at  4296  Kent  Road,
    Stow,  Ohio  (incorporated by reference to  Exhibit  10.1  of
    Form 10-QSB filed November 14, 2005).

    10.13  Assignment  of  Commercial Purchase  and Sale Contract
    dated  January 16, 2006 between the Partnership and AEI  Fund
    Management,  Inc. relating to the Property at  621  South  77
    Sunshine  Strip, Harlingen, Texas (incorporated by  reference
    to Exhibit 10.25 of Form 10-KSB filed March 30, 2006).

    10.14  Assignment and Assumption of Lease dated February  17,
    2006  between  the  Partnership and  Meyer-Lamph  Development
    Group,  LTD.  relating  to  the  Property  at  621  South  77
    Sunshine  Strip, Harlingen, Texas (incorporated by  reference
    to Exhibit 10.26 of Form 10-KSB filed March 30, 2006).

    10.15  Assignment   and  Assumption  of  Purchase  and   Sale
    Agreement  dated  March 2, 2006 between the Partnership,  AEI
    Net  Lease  Income & Growth Fund XX Limited  Partnership  and
    AEI  Fund Management, Inc. relating to the Property  at  1740
    Belt  Line  Road, Mesquite, Texas (incorporated by  reference
    to Exhibit 10.27 of Form 10-KSB filed March 30, 2006).

    10.16  Assignment of Lease dated March 10, 2006  between  the
    Partnership,  AEI Net Lease Income & Growth Fund  XX  Limited
    Partnership and VR Partners I, L.P. relating to the  Property
    at  1740  Belt  Line Road, Mesquite, Texas  (incorporated  by
    reference  to  Exhibit 10.28 of Form 10-KSB filed  March  30,
    2006).

    10.17 Purchase Agreement dated September 25, 2006 between the
    Partnership,  AEI  Real Estate Fund XV  Limited  Partnership,
    AEI  Real Estate Fund XVII Limited Partnership, AEI Income  &
    Growth   Fund  XXII  Limited  Partnership  and  Dan   Quinlan
    relating   to  the  Property  at  11617  Research  Boulevard,
    Austin,  Texas (incorporated by reference to Exhibit 10.1  of
    Form 10-QSB filed November 13, 2006).

    31.1  Certification  of  Chief Executive Officer  of  General
    Partner pursuant to Rule 15d-14(a)(17 CFR 240.15d-14(a))  and
    Section 302 of the Sarbanes-Oxley Act of 2002.

    31.2  Certification  of  Chief Financial Officer  of  General
    Partner pursuant to Rule 15d-14(a)(17 CFR 240.15d-14(a))  and
    Section 302 of the Sarbanes-Oxley Act of 2002.

    32    Certification  of  Chief  Executive Officer  and  Chief
    Financial Officer of General Partner pursuant to Section  906
    of the Sarbanes-Oxley Act of 2002.

ITEM 14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES.

        The  following  is a summary of the fees  billed  to  the
Partnership  by  Boulay, Heutmaker, Zibell  &  Co.  P.L.L.P.  for
professional  services rendered for the years ended December  31,
2006 and 2005:

     Fee Category                              2006       2005

     Audit Fees                           $  13,650   $ 12,750
     Audit-Related Fees                          21        218
     Tax Fees                                     0          0
     All Other Fees                               0          0
                                           ---------   --------
          Total Fees                      $  13,671   $ 12,968
                                           =========   ========

Audit  Fees  - Consists of fees billed for professional  services
rendered  for  the  audit of the Partnership's  annual  financial
statements   and  review  of  the  interim  financial  statements
included  in  quarterly reports, and services that  are  normally
provided   by  Boulay,  Heutmaker,  Zibell  &  Co.  P.L.L.P.   in
connection with statutory and regulatory filings or engagements.

Audit-Related  Fees - Consists of fees billed for  assurance  and
related  services that are reasonably related to the  performance
of  the  audit  or  review of financial statements  and  are  not
reported under "Audit Fees." These services include consultations
concerning financial accounting and reporting standards.

Tax  Fees - Consists of fees billed for professional services for
federal and state tax compliance, tax advice and tax planning.

All Other Fees - Consists of fees for products and services other
than the services reported above.


ITEM 14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES.  (Continued)

Policy   for  Preapproval  of  Audit  and  Permissible  Non-Audit
Services of Independent Auditors

        Before  the  Independent  Auditors  are  engaged  by  the
Partnership to render audit or non-audit services, the engagement
is  approved  by  Mr.  Johnson acting as the Partnership's  audit
committee.



                           SIGNATURES

        In  accordance with Section 13 or 15(d) of  the  Exchange
Act, the registrant caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.


                            AEI  NET LEASE INCOME & GROWTH FUND XIX
                            Limited Partnership
                            By:    AEI Fund Management XIX, Inc.
                               Its Managing General Partner


March 23, 2007              By: /s/ Robert P Johnson
                                    Robert P. Johnson, President and Director
                                    (Principal Executive Officer)


        In accordance with the Exchange Act, this report has been
signed below by the following persons on behalf of the registrant
and in the capacities and on the dates indicated.

         Name                         Title                         Date


/s/Robert P Johnson   President (Principal Executive  Officer)  March 23, 2007
   Robert P. Johnson  and Sole Director of Managing General
                      Partner

/s/Patrick  W  Keen   Chief Financial Officer  and  Treasurer   March 23, 2007
   Patrick W. Keene   (Principal Accounting Officer)