EXHIBIT (v)

                          CONSENT OF INDEPENDENT ACCOUNTANTS


We hereby consent to the incorporation by reference in the Prospectus
constituting part of the Registration Statements on:

             Form                                     Reference

             Form S-8                                 No. 33-5291

             Form S-8                                 No. 33-4549

             Form S-8                                 No. 33-22238

             Form S-8                                 No. 33-5765

             Form S-8                                 No. 33-41182

             Form S-3                                 No. 33-5289

             Form S-3                                 No. 33-5290

             Form S-3                                 No. 33-18280

             Form S-3                                 No. 33-25730

             Form S-3                                 No. 33-21723

             Form S-3                                 No. 33-27244

             Form S-3                                 No. 33-33948


of Pitney Bowes Inc. of our report dated February 1, 1994 appearing in
the Pitney Bowes Inc. 1993 Annual Report to Stockholders which is
incorporated in this Annual Report on Form 10-K.  We also consent to the
incorporation by reference in the aforementioned Registration Statements
of our report on the financial statement schedules, which appears in this
Form 10-K.




Price Waterhouse




Stamford, Connecticut
March 30, 1994