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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950123-06-005760.txt : 20061107
<SEC-HEADER>0000950123-06-005760.hdr.sgml : 20061107
<ACCEPTANCE-DATETIME>20060504165936
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950123-06-005760
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20060504

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN REAL ESTATE PARTNERS L P
		CENTRAL INDEX KEY:			0000813762
		STANDARD INDUSTRIAL CLASSIFICATION:	OPERATORS OF NONRESIDENTIAL BUILDINGS [6512]
		IRS NUMBER:				133398766
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		100 SOUTH BEDFORD ROAD
		CITY:			MT KISCO
		STATE:			NY
		ZIP:			10549
		BUSINESS PHONE:		9142427700

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			American Real Estate Finance Corp.
		CENTRAL INDEX KEY:			0001297337
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		100 SOUTH BEDFORD ROAD
		CITY:			MT. KISCO
		STATE:			NY
		ZIP:			10549
		BUSINESS PHONE:		914-242-7700

	MAIL ADDRESS:	
		STREET 1:		100 SOUTH BEDFORD ROAD
		CITY:			MT. KISCO
		STATE:			NY
		ZIP:			10549
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML>
<HEAD>
<TITLE>ACCELERATION REQUEST</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P align="center"><FONT size="2">American Real Estate Partners,
L.P.<BR>
American Real Estate Finance Corp.<BR>
100 South Bedford Road<BR>
Mt. Kisco, NY 10549<BR>
(914)&nbsp;242-7700<BR><BR><BR><BR><BR><BR></FONT>
<P align="center"><FONT size="2">May&nbsp;4, 2006
</FONT>

<P align="left"><FONT size="2"><U>VIA FAX AND EDGAR</U>
</FONT>

<P align="left"><FONT size="2">Securities and Exchange Commission<BR>
450 Fifth Street, N.W.<BR>
Washington, D.C. 20549<BR>
Attn: Charito A. Mittleman, Esq.<BR>
Division of Corporation Finance</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Re:
American Real Estate Partners, L.P.<BR>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American
Real Estate Finance Corp.<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Registration
Statement on Form&nbsp;S-3 (File No.&nbsp;333-126069)</U></FONT>


<P align="left"><FONT size="2">Ladies and Gentlemen:
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned hereby request acceleration of the effective date of the
above-captioned Registration Statement be granted by the Commission in order
that the Registration Statement shall become effective at 10:00&nbsp;a.m. on Monday,
May&nbsp;8, 2006, or as soon thereafter as practicable.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrants hereby acknowledge that the disclosure in the above
referenced filing is the responsibility of the registrants. The registrants
acknowledge that staff comment or changes in response to staff comment in the
proposed disclosure in the registration statement may not be asserted as a
defense in any proceeding which may be brought by any person with respect to
this matter. The registrants also represent to the Commission that should the
Commission or the staff acting pursuant to delegated authority, declare the
filing effective, it does not foreclose the Commission from taking any action
with respect to the filing and the registrants represent that they will not
assert this action as a defense in any proceeding initiated by the Commission
or any person under the federal securities laws of the United States.
</FONT>
<P align="center"><FONT size="2"><I>(Remainder of page intentionally left blank. Signature page to follow)</I>
</FONT>




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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P align="LEFT" STYLE="MARGIN-LEFT:415; FONT-size: 10PT">Sincerely,
<P align="LEFT" STYLE="MARGIN-LEFT:415; FONT-size: 10PT">American Real Estate Partners,
L.P.
<P align="LEFT" STYLE="MARGIN-LEFT:415; FONT-size: 10PT">American Real Estate Finance Corp.
<P align="LEFT" STYLE="MARGIN-LEFT:415; FONT-size: 10PT">By:<U>&nbsp;&nbsp;&nbsp;&nbsp;/s/
Jon F.
Weber&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jon F. Weber<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President and Chief Financial Officer
<BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>

<P align="center"><FONT size="2"><I>(Signature page to Acceleration Request for AREP Form&nbsp;S-3)</I>
</FONT>

<P align="center"><FONT size="2"></FONT>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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