EXHIBIT 23.2
 
                    Consent of Independent Public Accountants
 
 

 
  
                                 Exhibit 23.2
 
 
                    CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
 
 
As independent  public  accountants,  we hereby consent to the  incorporation by
reference in this Form S-8  registration  statement of our report dated  October
11, 1996 included in Delta and Pine Land  Company's Form 10-K for the year ended
August 31, 1996, and to all references to our Firm included in this registration
statement.
 
                                                    /s/  Arthur Andersen LLP
 
Memphis, Tennessee,
February 3, 1997