EXHIBIT 23

                          INDEPENDENT AUDITORS' CONSENT

The Board of Directors and Stockholders
Carter-Wallace, Inc.

We consent to incorporation by reference in the registration statement (No.
333-00499) on Form S-8 of Carter-Wallace, Inc. of our report dated May 10, 2000,
relating to the consolidated balance sheets of Carter-Wallace, Inc. and
subsidiaries as of March 31, 2000 and 1999, and the related consolidated
statements of earnings, retained earnings and comprehensive earnings, and cash
flows, for each of the years in the three-year period ended March 31, 2000, and
related financial statement schedule which report appears in the March 31, 2000
Annual Report on Form 10-K of Carter-Wallace, Inc.

                                                                       KPMG LLP

New York, New York
June 13, 2000