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

                           FORM 10-QSB

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

           For the Quarter Ended:  September 30, 2006

                Commission file number:  0-23778


    AEI NET LEASE INCOME & GROWTH FUND XX LIMITED PARTNERSHIP
(Exact Name of Small Business Issuer as Specified in its Charter)


     State of Minnesota                    41-1729121
(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)


                       Not Applicable
 (Former name, former address and former fiscal year, if changed
                       since last report)

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

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

Transitional Small Business Disclosure Format:   Yes       No [X]


    AEI NET LEASE INCOME & GROWTH FUND XX LIMITED PARTNERSHIP


                              INDEX




PART I. Financial Information

 Item 1. Balance Sheet as of September 30, 2006 and December 31, 2005

         Statements for the Periods ended September 30, 2006 and 2005:

           Income

           Cash Flows

           Changes in Partners' Capital

           Notes to Financial Statements

 Item 2. Management's Discussion and Analysis

 Item 3. Controls and Procedures

PART II. Other Information

 Item 1. Legal Proceedings

 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

 Item 3. Defaults Upon Senior Securities

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

 Item 5. Other Information

 Item 6. Exhibits

         Signatures

<PAGE>
    AEI NET LEASE INCOME & GROWTH FUND XX LIMITED PARTNERSHIP
                          BALANCE SHEET
            SEPTEMBER 30, 2006 AND DECEMBER 31, 2005

                           (Unaudited)

                             ASSETS

                                                   2006            2005
CURRENT ASSETS:
  Cash and Cash Equivalents                    $ 1,150,988     $ 1,975,518

INVESTMENTS IN REAL ESTATE:
  Land                                           6,367,580       6,040,795
  Buildings and Equipment                       12,080,567      11,176,413
  Accumulated Depreciation                      (2,391,688)     (2,090,765)
                                                -----------     -----------
                                                16,056,459      15,126,443
  Real Estate Held for Sale                              0         468,882
                                                -----------     -----------
      Net Investments in Real Estate            16,056,459      15,595,325
                                                -----------     -----------
           Total  Assets                       $17,207,447     $17,570,843
                                                ===========     ===========

                LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES:
  Payable to AEI Fund Management, Inc.         $    39,397     $    69,408
  Distributions Payable                            471,199         413,623
  Unearned Rent                                     52,545          27,513
                                                -----------     -----------
      Total Current Liabilities                    563,141         510,544
                                                -----------     -----------
PARTNERS' CAPITAL:
  General Partners                                  17,223          21,383
  Limited Partners, $1,000 per Unit;
   24,000 Units authorized and issued;
   22,148 Units outstanding                     16,627,083      17,038,916
                                                -----------     -----------
      Total Partners' Capital                   16,644,306      17,060,299
                                                -----------     -----------
       Total Liabilities and Partners' Capital $17,207,447     $17,570,843
                                                ===========     ===========

 The accompanying Notes to Financial Statements are an integral
                     part of this statement.
</PAGE>
<PAGE>
    AEI NET LEASE INCOME & GROWTH FUND XX LIMITED PARTNERSHIP
                       STATEMENT OF INCOME
               FOR THE PERIODS ENDED SEPTEMBER 30

                           (Unaudited)

                                Three Months Ended      Nine Months Ended
                               9/30/06      9/30/05    9/30/06     9/30/05

RENTAL INCOME                 $  482,440  $  457,011  $1,428,253   $1,368,972

EXPENSES:
   Partnership Administration -
     Affiliates                   60,461      68,828     173,120      191,781
   Partnership Administration
     and Property Management -
     Unrelated Parties             5,012       4,305      30,987       27,137
   Depreciation                  102,417      94,867     300,923      284,601
                               ----------  ----------  ----------   ----------
        Total Expenses           167,890     168,000     505,030      503,519
                               ----------  ----------  ----------   ----------

OPERATING INCOME                 314,550     289,011     923,223      865,453

OTHER INCOME:
   Interest Income                10,043       6,599      34,003       14,434
                               ----------  ----------  ----------   ----------
INCOME FROM CONTINUING
   OPERATIONS                    324,593     295,610     957,226      879,887

Income from Discontinued
  Operations                      67,950     175,469     128,796      217,580
                               ----------  ----------  ----------   ----------
NET INCOME                    $  392,543  $  471,079  $1,086,022   $1,097,467
                               ==========  ==========  ==========   ==========
NET INCOME ALLOCATED:
   General Partners           $    3,925  $    4,711  $   10,860   $   10,975
   Limited Partners              388,618     466,368   1,075,162    1,086,492
                               ----------  ----------  ----------   ----------
                              $  392,543  $  471,079  $1,086,022   $1,097,467
                               ==========  ==========  ==========   ==========
INCOME PER LIMITED PARTNERSHIP UNIT:
   Continuing Operations      $    14.51  $    13.18  $    42.79   $    39.22
   Discontinued Operations          3.04        7.82        5.75         9.70
                               ----------  ----------  ----------   ----------
        Total                 $    17.55  $    21.00  $    48.54   $    48.92
                               ==========  ==========  ==========   ==========
Weighted Average Units
  Outstanding                     22,148      22,208      22,148       22,208
                               ==========  ==========  ==========   ==========

 The accompanying Notes to Financial Statements are an integral
                     part of this statement.
</PAGE>
<PAGE>

    AEI NET LEASE INCOME & GROWTH FUND XX LIMITED PARTNERSHIP
                     STATEMENT OF CASH FLOWS
          FOR THE NINE-MONTH PERIODS ENDED SEPTEMBER 30

                           (Unaudited)

      \                                               2006           2005
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net Income                                    $ 1,086,022    $ 1,097,467

   Adjustments to Reconcile Net Income to Net Cash
   Provided by Operating Activities:
     Depreciation                                    300,923        314,682
     Gain on Sale of Real Estate                    (109,143)      (156,048)
     Decrease in Receivables                               0          5,141
     Decrease in Payable to
        AEI Fund Management, Inc.                    (30,011)        (1,823)
     Increase in Unearned Rent                        25,032         71,318
                                                  -----------    -----------
        Total Adjustments                            186,801        233,270
                                                  -----------    -----------
        Net Cash Provided By
           Operating Activities                    1,272,823      1,330,737
                                                  -----------    -----------
CASH FLOWS FROM INVESTING ACTIVITIES:
   Investments in Real Estate                     (1,230,939)             0
   Proceeds from Sale of Real Estate                 578,025        655,619
                                                  -----------    -----------
        Net Cash Provided By (Used For)
           Investing Activities                     (652,914)       655,619
                                                  -----------    -----------
CASH FLOWS FROM FINANCING ACTIVITIES:
   Increase in Distributions Payable                  57,576            473
   Distributions to Partners                      (1,502,015)    (1,272,715)
                                                  -----------    -----------
        Net Cash Used For
          Financing Activities                    (1,444,439)    (1,272,242)
                                                  -----------    -----------
NET INCREASE (DECREASE) IN CASH
   AND CASH EQUIVALENTS                             (824,530)       714,114

CASH AND CASH EQUIVALENTS, beginning of period     1,975,518        645,904
                                                  -----------    -----------
CASH AND CASH EQUIVALENTS, end of period         $ 1,150,988    $ 1,360,018
                                                  ===========    ===========


 The accompanying Notes to Financial Statements are an integral
                     part of this statement.
</PAGE>
<PAGE>
    AEI NET LEASE INCOME & GROWTH FUND XX LIMITED PARTNERSHIP
            STATEMENT OF CHANGES IN PARTNERS' CAPITAL
               FOR THE PERIODS ENDED SEPTEMBER 30

                           (Unaudited)


                                                                   Limited
                                                                 Partnership
                             General     Limited                    Units
                             Partners    Partners      Total     Outstanding


BALANCE, December 31, 2004  $ 22,697   $17,168,990  $17,191,687    22,207.74

  Distributions              (12,727)   (1,259,988)  (1,272,715)

  Net Income                  10,975     1,086,492    1,097,467
                             --------   -----------  -----------   ----------
BALANCE, September 30, 2005 $ 20,945   $16,995,494  $17,016,439    22,207.74
                             ========   ===========  ===========   ==========


BALANCE, December 31, 2005  $ 21,383   $17,038,916  $17,060,299    22,147.74

  Distributions              (15,020)   (1,486,995)  (1,502,015)

  Net Income                  10,860     1,075,162    1,086,022
                             --------   -----------  -----------   ----------
BALANCE, September 30, 2006 $ 17,223   $16,627,083  $16,644,306    22,147.74
                             ========   ===========  ===========   ==========

 The accompanying Notes to Financial Statements are an integral
                     part of this statement.
</PAGE>
<PAGE>
    AEI NET LEASE INCOME & GROWTH FUND XX LIMITED PARTNERSHIP
                  NOTES TO FINANCIAL STATEMENTS
                       SEPTEMBER 30, 2006

                           (Unaudited)

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

(2)  Organization -

     AEI  Net  Lease Income & Growth Fund XX Limited  Partnership
     (Partnership)  was  formed to acquire and  lease  commercial
     properties   to   operating  tenants.    The   Partnership's
     operations  are  managed  by AEI Fund  Management  XX,  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  June  30,  1993   when   minimum
     subscriptions    of   1,500   Limited   Partnership    Units
     ($1,500,000)  were  accepted.   On  January  19,  1995,  the
     offering  terminated when the maximum subscription limit  of
     24,000  Limited  Partnership Units was reached.   Under  the
     terms  of  the  Limited Partnership Agreement,  the  Limited
     Partners   and   General  Partners  contributed   funds   of
     $24,000,000 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.


    AEI NET LEASE INCOME & GROWTH FUND XX LIMITED PARTNERSHIP
                  NOTES TO FINANCIAL STATEMENTS
                           (Continued)

(2)  Organization - (Continued)

     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
     99% to the Limited Partners and 1% to the General Partners.

     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.

(3)  Investments in Real Estate -

     On  March 10, 2006, the Partnership purchased a 50% interest
     in  a  Tractor Supply Company store in Mesquite,  Texas  for
     $1,230,939.   The  property  is  leased  to  Tractor  Supply
     Company  under  a  Lease Agreement with a remaining  primary
     term  of  7.4  years and annual rental payments of  $87,258.
     The  remaining interest in the property was purchased by AEI
     Net  Lease Income & Growth Fund XIX Limited Partnership,  an
     affiliate of the Partnership.


    AEI NET LEASE INCOME & GROWTH FUND XX LIMITED PARTNERSHIP
                  NOTES TO FINANCIAL STATEMENTS
                           (Continued)

(4)  Payable to AEI Fund Management, Inc. -

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

(5)  Discontinued Operations -

     During  the  last  six months of 2005, the Partnership  sold
     34.4624%  of the Eckerd drug store in Cicero, New  York,  in
     five separate transactions, to unrelated third parties.  The
     Partnership  received total net sale proceeds of $1,354,440,
     which  resulted  in a net gain of $313,616.   The  cost  and
     related  accumulated depreciation of the interests sold  was
     $1,093,273 and $52,449, respectively.

     During  the first nine months of 2006, the Partnership  sold
     its remaining 15.5376% interest in the Eckerd drug store  in
     Cicero, New York, in two separate transactions, to unrelated
     third  parties.   The Partnership received  total  net  sale
     proceeds  of  $578,025, which resulted  in  a  net  gain  of
     $109,143.  The cost and related accumulated depreciation  of
     the  interests  sold was $492,910 and $24,028, respectively.
     At  December 31, 2005, the property was classified  as  Real
     Estate Held for Sale with a book value of $468,882.

     During  the  first  nine  months  of  2006  and  2005,   the
     Partnership  distributed $229,293 and $16,614  of  net  sale
     proceeds  to  the Limited and General Partners  as  part  of
     their quarterly distributions, which represented a return of
     capital  of  $10.25 and $0.74 per Limited Partnership  Unit,
     respectively.  The Partnership anticipates the remaining net
     sale  proceeds  will  either  be  reinvested  in  additional
     property or distributed to the Partners in the future.

     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 periods ended September 30:

                                  Three Months Ended      Nine Months Ended
                                 9/30/06      9/30/05    9/30/06     9/30/05

Rental Income                   $   3,510   $  28,906   $  19,828  $  92,034
Property Management Expenses            0         (24)       (175)      (421)
Depreciation                            0      (9,461)          0    (30,081)
Gain on Disposal of Real Estate    64,440     156,048     109,143    156,048
                                 ---------   ---------   ---------  ---------
   Income from Discontinued
     Operations                 $  67,950   $ 175,469   $ 128,796  $ 217,580
                                 =========   =========   =========  =========

ITEM 2.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, taxation levels, 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   success  of  the  General  Partners  of   locating
    properties with favorable risk return characteristics;

    the effect of tenant defaults; and

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


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.

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

        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 nine months ended September 30, 2006 and 2005, the
Partnership  recognized rental income from continuing  operations
of  $1,428,253  and  $1,368,972 respectively.   In  2006,  rental
income  increased  due  to  additional  rent  received  from  one
property  acquisition  in  2006  and  rent  increases   on   four
properties.

       For the nine months ended September 30, 2006 and 2005, the
Partnership  incurred  Partnership administration  expenses  from
affiliated parties of $173,120 and $191,781, respectively.  These
administration  expenses  include  costs  associated   with   the
management of the properties, processing distributions, reporting
requirements and correspondence to the Limited Partners.   During
the   same   periods,   the  Partnership   incurred   Partnership
administration  and property management expenses  from  unrelated
parties  of  $30,987 and $27,137, 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.

       For the nine months ended September 30, 2006 and 2005, the
Partnership  recognized interest income of $34,003  and  $14,434,
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  nine  months ended September 30, 2006, the  Partnership
recognized  income  from  discontinued  operations  of  $128,796,
representing rental income less property management  expenses  of
$19,653 and gain on disposal of real estate of $109,143.  For the
nine  months ended September 30, 2005, the Partnership recognized
income  from  discontinued operations of  $217,580,  representing
rental  income less property management expenses and depreciation
of $61,532 and gain on disposal of real estate of $156,048.


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

        During the last six months of 2005, the Partnership  sold
34.4624%  of the Eckerd drug store in Cicero, New York,  in  five
separate   transactions,  to  unrelated   third   parties.    The
Partnership received total net sale proceeds of $1,354,440, which
resulted  in  a  net  gain of $313,616.   The  cost  and  related
accumulated depreciation of the interests sold was $1,093,273 and
$52,449, respectively.

       During the first nine months of 2006, the Partnership sold
its  remaining  15.5376% interest in the  Eckerd  drug  store  in
Cicero,  New  York,  in two separate transactions,  to  unrelated
third  parties.  The Partnership received total net sale proceeds
of  $578,025, which resulted in a net gain of $109,143.  The cost
and  related accumulated depreciation of the interests  sold  was
$492,910  and $24,028, respectively.  At December 31,  2005,  the
property was classified as Real Estate Held for Sale with a  book
value of $468,882.

        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.

Liquidity and Capital Resources

        During  the  nine months ended September  30,  2006,  the
Partnership's  cash balances decreased $824,530 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 nine months ended September 30, 2005,  the
Partnership's  cash balances increased $714,114 as  a  result  of
cash  generated  from the sale of a property and  cash  generated
from operating activities in excess of distributions paid to  the
Partners.

        Net  cash provided by operating activities decreased from
$1,330,737  in  2005 to $1,272,823 in 2006 as the result  of  net
timing differences in the collection of payments from the tenants
and  the payment of expenses, which were partially offset  by  an
increase  in  total  rental and interest income  in  2006  and  a
decrease  in  Partnership administration and property  management
expenses 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 nine  months  ended
September 30, 2006 and 2005, the Partnership generated cash  flow
from   the   sale  of  real  estate  of  $578,025  and  $655,619,
respectively.  During the nine months ended September  30,  2006,
the  Partnership expended $1,230,939 to invest in real properties
(inclusive   of   acquisition  expenses),  as   the   Partnership
reinvested cash generated from property sales.


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

        On  March  10,  2006,  the Partnership  purchased  a  50%
interest in a Tractor Supply Company store in Mesquite, Texas for
$1,230,939.   The  property is leased to Tractor  Supply  Company
under  a  Lease Agreement with a remaining primary  term  of  7.4
years  and  annual  rental payments of  $87,258.   The  remaining
interest in the property was purchased by AEI Net Lease Income  &
Growth  Fund  XIX  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.

       For the nine months ended September 30, 2006 and 2005, the
Partnership  declared distributions of $1,502,015 and $1,272,715,
respectively, which were distributed 99% to the Limited  Partners
and  1%  to the General Partners.  The Limited Partners  received
distributions  of  $1,486,995  and  $1,259,988  and  the  General
Partners  received distributions of $15,020 and $12,727  for  the
periods,   respectively.   In  March  and  September  2006,   the
Partnership  declared  special  distributions  of  $171,717   and
$57,576, respectively, of net sale proceeds, which resulted in  a
higher  distribution  payable at September 30,  2006  and  higher
distributions for the first nine months of 2006, when compared to
the first nine months of 2005.

        During  the  first  nine months of  2006  and  2005,  the
Partnership distributed $229,293 and $16,614 of net sale proceeds
to  the  Limited and General Partners as part of their  quarterly
distributions,  which represented a return of capital  of  $10.25
and  $0.74  per  Limited  Partnership  Unit,  respectively.   The
Partnership  anticipates the remaining  net  sale  proceeds  will
either be reinvested in additional property or distributed to the
Partners in the future.

        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 will not be obligated
to purchase in any year any number of Units that, when aggregated
with  all  other transfers of Units that have occurred since  the
beginning   of  the  same  calendar  year  (excluding   Permitted
Transfers as defined in the Partnership Agreement), would  exceed
5%  of the total number of Units outstanding on January 1 of such
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.

        On October 1, 2006, two Limited Partners redeemed a total
of  80  Partnership  Units for $44,230  in  accordance  with  the
Partnership Agreement.  On October 1, 2005, two Limited  Partners
redeemed  a  total  of  60 Partnership Units  for  $34,489.   The
Partnership  acquired  these  Units  using  Net  Cash  Flow  from
operations.   In  prior  years, a total of 118  Limited  Partners
redeemed   1,792.26  Partnership  Units  for   $1,410,431.    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 $447 and  $348  in  2006  and
2005, respectively.


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

       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 3.   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.

       (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.


                   PART II - OTHER INFORMATION

ITEM 1.LEGAL PROCEEDINGS

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

ITEM  2.UNREGISTERED  SALES  OF  EQUITY  SECURITIES  AND  USE  OF
        PROCEEDS

        (a)  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.

       (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 will not be obligated  to  purchase
in  any  year any number of Units that, when aggregated with  all
other  transfers of Units that have occurred since the  beginning
of  the  same  calendar  year (excluding Permitted  Transfers  as
defined  in the Partnership Agreement), would exceed  5%  of  the
total number of Units outstanding on January 1 of such 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  the period covered  by  this  report,  the
Partnership did not purchase any Units.

ITEM 3.DEFAULTS UPON SENIOR SECURITIES

      None.

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

      None

ITEM 5.OTHER INFORMATION

      None.

ITEM 6.EXHIBITS

    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.



                           SIGNATURES

        In  accordance with the requirements of the Exchange Act,
the  registrant caused this report to be signed on its behalf  by
the undersigned, thereunto duly authorized.


Dated:  November 6, 2006      AEI Net Lease Income & Growth Fund XX
                              Limited Partnership
                              By:  AEI Fund Management XX, Inc.
                              Its: Managing General Partner



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



                              By: /s/ Patrick W Keene
                                      Patrick W. Keene
                                      Chief Financial Officer
                                      (Principal Accounting Officer)