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                                                                    Exhibit 23.2



                    CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS


         As independent public accountants, we hereby consent to the
incorporation by reference in this registration statement of our reports dated
February 17, 1999 included in Westinghouse Air Brake Company's Form 10-K for the
year ended December 31, 1998 and to all references to our Firm included in this
registration statement.


/s/ Arthur Andersen LLP

Pittsburgh, Pennsylvania
August 19, 1999