Exhibit 23.1

                       CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby consent to the incorporation by reference in this Registration 
Statement on Form S-8 of our report dated January 24, 1996, which appears 
on page 23 of the 1995 Annual Report to Shareholders of Callaway Golf 
Company, which is incorporated by reference in Callaway Golf Company's 
Annual Report on Form 10-K for the year ended December 31, 1995.  We also 
consent to the incorporation by reference of our report on the Financial 
Statement Schedule, which appears on page 15 of such Annual Report on 
Form 10-K.




PRICE WATERHOUSE LLP

San Diego, California
June 6, 1996