1 EXHIBIT 23.01 CONSENT OF GRAHAM & JAMES, LLP Exhibit Index 2 CONSENT OF GRAHAM & JAMES LLP The undersigned hereby consents to the reference to it under the caption "Legal Opinions" and "Federal Income Tax Considerations" in the Prospectus/Consent Solicitation Statement which constitutes a part of the Form S-4 Registration Statement for AeroCentury Corp. The undersigned also consent to the inclusion in the Registration Statement of its opinions as Exhibit 5.01 and 8.01 thereto. /s/ GRAHAM & JAMES LLP ------------------------------------ GRAHAM & JAMES LLP July 23, 1997