EXHIBIT 1



                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
                   -----------------------------------------
                                        


   As independent public accountants, we hereby consent to the incorporation of
   our report included in this Form 11-K, into the previously filed Case
   Corporation S-8 Registration Statement (No. 333-04963) for the Case
   Corporation Retirement Savings Plan: Profit Sharing Plan.


                                                            ARTHUR ANDERSEN LLP



   Milwaukee, Wisconsin,
   June 27, 1996.