EXHIBIT 23.1

                       CONSENT OF INDEPENDENT ACCOUNTANTS


     We hereby consent to the incorporation by reference in the Registration
Statement on Form S-8 (Nellcor Incorporated 1994 Equity Incentive Plan) of
our report dated July 27, 1994, which appears on page 35 of the 1994 Annual
Report to Stockholders of Nellcor Incorporated, which is incorporated by
reference in Nellcor Incorporated's Annual Report on Form 10-K for the year
ended July 3, 1994. We also consent to the incorporation by reference of our
report on the Financial Statement Schedules, which appears on page S-1 of
such Annual Report on Form 10-K.


                                   /s/ PRICE WATERHOUSE LLP
                                   ---------------------------------------------
                                   Price Waterhouse LLP

San Francisco, California
September 7, 1995