EXHIBIT 23.3


                     CONSENT OF INDEPENDENT ACCOUNTANTS



   The Board of Directors
   Calspan SRL Corporation:


   We consent to the incorporation by reference in the registration
   statement on Form S-8 of Arvin Industries, Inc. of our report dated
   January 25, 1995 with respect to the consolidated statements of
   operations, shareholders' equity, and cash flows of Space Industries
   International, Inc. and subsidiaries (formerly Calspan Holding
   Corporation and predecessor to Calspan SRL Corporation) for the year
   ended January 1, 1995, which report appears in the December 29, 1996
   annual report on Form 10-K of Arvin Industries, Inc.


                               KPMG Peat Marwick LLP

   Buffalo, New York
   May 12, 1997