EXHIBIT 23.2

                         CONSENT OF INDEPENDENT AUDITORS

     We consent to the incorporation by reference in the Registration  Statement
(Form S-3 No. 333-101426) of Marvel Enterprises,  Inc. in the related Prospectus
of our report dated February 21 2003, with respect to the consolidated financial
statements  and schedules of Marvel  Enterprises,  Inc.  included in this Annual
Report (Form 10-K) for the year ended December 31, 2002.

/s/ Ernst & Young LLP

New York, New York
March 18, 2003