Exhibit 23.1

                      Consent of Independent Public Accountants

As independent public accountants, we hereby consent to the incorporation by 
reference in this Post-Effective Amendment No. 1 to registration statement of 
our reports dated November 13, 1996 included and incorporated by reference in 
XTRA Corporation's Form 10-K for the year ended September 30, 1996 and to all 
references to our Firm included in this Post-Effective Amendment No. 1 to 
registration statement.

Boston, Massachusetts
May 5, 1997                      Arthur Andersen L.L.P.