EXHIBIT 23



                       CONSENT OF INDEPENDENT ACCOUNTANTS


We hereby consent to the incorporation by reference in the Registration
Statements listed below of MGIC Investment Corporation of our report dated
January 9, 2001 relating to the consolidated financial statements, which appears
in the 2000 Annual Report to Shareholders, which is incorporated by reference in
this Annual Report on Form 10-K. We also consent to the incorporation by
reference of our report dated January 9, 2001 relating to the financial
statement schedules, which appears in this Form 10-K.

         1.     Registration Statement on Form S-8 (Registration No. 33-42120)

         2.     Registration Statement on Form S-8 (Registration No. 33-43543)

         3.     Registration Statement on Form S-8 (Registration No. 333-56350)

         4.     Registration Statement on Form S-8 (Registration No. 333-56346)





PRICEWATERHOUSECOOPERS LLP


Milwaukee, Wisconsin
March 28, 2001