Amendment

Amendment

by Aei Real Estate Fund Xvi Ltd Partnership
April 5th, 1996
                          AMENDMENT
                             TO
           SALE AND LEASEBACK FINANCING COMMITMENT

      THIS AMENDMENT made and entered into this 21st day  of
November, 1995, by and between AEI Fund Management, Inc.,  a
Minnesota   corporation,  or  its   assigns   ("AEI")    and
Renaissant Development Corporation ( "Seller" and "Lessee");

     WITNESSETH, that:

      WHEREAS,  on the 21st day of April, 1995, the  parties
hereto  executed  a Sale and Leaseback Financing  Commitment
("Commitment") for that certain property located at 6409  N.
Navarro Road, Victoria, TX (the "Parcel"); and

      WHEREAS, AEI, Seller and Lessee have agreed  to  amend
certain   terms   and  conditions  of  said  Commitment   as
hereinafter provided;

      NOW, THEREFORE, for One Dollar ($1.00) and other  good
and  valuable  consideration, receipt  of  which  is  hereby
acknowledged,  it is hereby agreed between  the  parties  as
follows:

     1.   The purchaser and lessor, "AEI", is hereby amended
to:  "AEI  Real  Estate     Fund XVI Limited Partnership,  a
Minnesota limited partnership".

      2.   Article D.1 is hereby amended in its entirety  to
read as follows:

     "An  application and funding fee equal to  one  percent
     (1.0%)  of  the  Seller/Lessee's  reasonably  Estimated
     Total  Project Cost, as defined in Article  E.1  hereof
     (the   "Funding   Fee")  will  be  paid   to   AEI   by
     Seller/Lessee.  One-half (1/2) of the Funding Fee  will
     be  due and payable upon execution and delivery of this
     Commitment  and  shall be considered  earned  upon  its
     delivery  to  AEI, and the balance of the  Funding  Fee
     shall  be  due  and  payable to  AEI  at  closing.   At
     Seller/Lessee's election, the entire Funding Fee may be
     included  as a funded project cost and the  first  half
     will be reimbursed to Seller/Lessee at closing."

      EXCEPT AS SPECIFICALLY SET FORTH ABOVE all other terms
and conditions of said Commitment shall remain unchanged and
in full force and effect.


                         RENAISSANT DEVELOPMENT CORPORATION



                         By:  /s/ Anthony Alavrez
                              Anthony Alvarez
                              Its:  President


                         AEI FUND MANAGEMENT, INC.



                         By:  /s/ Robert P. Johnson
                              Robert P. Johnson
                              Its: President


                         AEI REAL ESTATE FUND XVI LIMITED
                         PARTNERSHIP
                         BY: AEI FUND MANAGEMENT XVI, INC.



                         BY:  /s/ Robert P. Johnson
                              Robert P. Johnson
                              Its: President