EXHIBIT 23.1


                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS



To the Board of Directors and Shareholders
   of Coltec Industries Inc:


   As independent public accountants, we hereby consent to the incorporation of
our reports included in and incorporated by reference into this Form 10-K, into
the Company's previously filed Registration Statement File Nos. 33-45426,
33-52414, 33-1811 and 33-56139.



                                          ARTHUR ANDERSEN LLP


New York, N.Y.
January 23, 1995