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.

                                       ARTHUR ANDERSEN LLP

Milwaukee, Wisconsin.
June 24, 1998.