EXHIBIT 23

           CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS



As  independent public accountants, we hereby consent  to  the
incorporation of our report included in this Form 10-K into IES
Industries Inc.'s (the "Company")  previously  filed  Form  S-8
Registration Statement  (File No. 33-57088) for the Company's
Employee Stock Purchase Plan, Form S-8 Registration Statement
(File No. 33-32468) for the Company's Employee Savings Plan
and Form S-3 Registration Statement (File No. 33-56981) for the
Company's Dividend Reinvestment and Stock Purchase Plan.




                         ARTHUR ANDERSEN LLP

Chicago, Illinois,
March 29, 1995