EXHIBIT (vii)
                  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 January 29, 1996 appearing on page
41  of  the Pitney Bowes Inc. 1995 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 schedule, which appears in this Form
10-K.




Price Waterhouse LLP




Stamford, Connecticut
March 27, 1996