EXHIBIT 23



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 reports dated May 6, 1996, relating to the consolidated
balance sheets of Carter-Wallace, Inc. and subsidiaries as of
March 31, 1996 and 1995, and the related consolidated statements
of earnings and retained earnings and cash flows for each of the
years in the three-year period ended March 31, 1996, and related
financial statement schedule which reports appear in the March
31, 1996 annual report on Form 10-K of Carter-Wallace, Inc.


                                        KPMG Peat Marwick LLP



New York, New York
June 18, 1996