Exhibit 23



               [Letterhead of Arthur Andersen LLP Appears Here]



                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
                   -----------------------------------------


     As independent public accountants, we hereby consent to the incorporation
by reference of our report included in the Annual Report on Form 10-K for year
ended December 31, 1996 of Jones Growth Partners II L.P. (the "Partnership")
into the Partnership's Proxy Statement (File No. 0-19259).



                                      ARTHUR ANDERSEN LLP


Denver, Colorado
May 8, 1997