EXHIBIT 23.5 FRIED, FRANK, HARRIS, SHRIVER & JACOBSON A PARTNERSHIP INCLUDING PROFESSIONAL CORPORATIONS One New York Plaza New York, New York 10004-1980 212-859-8000 Fax: 212-859-4000 August 6, 1997 We hereby consent to the references to this firm in the Registration Statement (the "Registration Statement") on Form S-4 of WAI, Inc. under the caption "Experts" and to the opinion referenced under the caption "Certain Federal Income Tax Consequences of the Transactions" to be delivered by our firm at the closing of the Transactions (as defined in the Registration Statement) and to the filing of our opinion as an exhibit to the Registration Statement. In giving such consent, we do not hereby admit that we are in the category of such persons whose consent is required under Section 7 of the Securities Act of 1933 and the rules and regulation thereunder. Very truly yours, Fried, Frank, Harris, Shriver & Jacobson /s/ Paul M. Reinstein By: ----------------------------------- Paul M. Reinstein