Exhibit 23




                       CONSENT OF INDEPENDENT ACCOUNTANTS

          We hereby consent to the incorporation by reference in the Prospectus
constituting part of the Registration Statement on Form S-8 (No. 33-7504) of
W. R. Grace & Co. of our report dated April 27, 1995 appearing on page F-1 of
the Annual Report of the W. R. Grace & Co. Hourly Employees Savings and
Investment Plan on Form 11-K for the year ended December 31, 1994.


PRICE WATERHOUSE LLP

/s/ PRICE WATERHOUSE LLP

New York, New York
June 27, 1995