EXHIBIT 23.1

                         CONSENT OF INDEPENDENT AUDITORS

     We consent to the reference to our firm under "Experts" in the Registration
Statement  (Form  S-3  No.  333-88189)  and the  related  Prospectus  of  Marvel
Enterprises,  Inc.  for the  registration  of Class B  Warrants,  8%  Cumulative
Convertible   Exchangeable   Preferred   Stock  and  Common  Stock  and  to  the
incorporation by reference of our report dated March 8, 2002 with respect to the
consolidated  financial statements of Marvel Enterprises,  Inc. included in this
Annual Report on (Form 10-K) for the year ended December 31, 2001.

                                               /s/  Ernst & Young LLP

New York, New York
March 29, 2002