Exhibit (iii)
                                                               -------------



               Consent of Independent Accountants




We hereby consent to the incorporation by reference in the Prospectus
constituting part of the Registration Statements on Form S-3 (No.
33-27244 and No. 33-53736) of Pitney Bowes Credit Corporation of our
report dated February 1, 1994 appearing on page 18A of this Form 10-K.





PRICE WATERHOUSE




Stamford, Connecticut
July 21, 1994