EXHIBIT 23.1
 
                    LEWIS GALOOB TOYS, INC. AND SUBSIDIARIES

                       CONSENT OF INDEPENDENT ACCOUNTANTS
 
We hereby consent to the use in the Prospectus constituting part of this
Registration Statement on Form S-1 of our report dated February 8, 1996, except
for Note R, which is as of February 12, 1996, relating to the financial
statements of Lewis Galoob Toys, Inc., which appears in such Prospectus. We also
consent to the application of such report to the Financial Statement Schedule
for the three years ended December 31, 1995 listed under Item 16(b) of this
Registration Statement when such schedule is read in conjunction with the
financial statements referred to in our report. The audits referred to in our
report also included this schedule. We also consent to the reference to us under
the heading 'Experts' in such Prospectus.
 
                                          PRICE WATERHOUSE LLP
 
San Francisco, California
September 27, 1996