EXHIBIT 23.5
 
                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
 
     As independent public  accountants, we  hereby consent  to the  use of  our
reports  and to all  references to our Firm  included in or made  a part of this
Registration  Statement  on  Form  S-3  relating  to  the  12,057,561  Preferred
Exchangeable Redemption Cumulative Securities.
 
                                          /s/ Arthur Andersen LLP
                                          ARTHUR ANDERSEN LLP
 
Stamford, Connecticut
June 9, 1995