CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS



The Board of Directors
Fresenius USA, Inc.

We consent to incorporation by reference in the registration statement on Form
S-8 of our report dated February 3, 1995, related to the consolidated balance
sheets of Fresenius USA, Inc. and subsidiaries as of December 31, 1994 and
1993, and the related consolidated statements of operations, stockholders'
equity, and cash flows for each of the years in the three-year period ended
December 31, 1994, which report appears in the December 31, 1994 annual report
on Form 10-K of Fresenius USA, Inc.

                                      /s/ KPMG Peat Marwick LLP
                                      KPMG Peat Marwick LLP

San Francisco, California
July 25, 1995 

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