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                                                                      EXHIBIT 23



INDEPENDENT AUDITORS' CONSENT


We consent to the incorporation by reference in Post-Effective Amendment No. 1
to Registration Statement No. 2-79663, Post-Effective Amendment No. 1 to
Registration Statement No. 33-12513, Registration Statement No. 33-18877,
Registration Statement No. 33-22106, Registration Statement No. 33-44236,
Registration Statement No. 33-53968, Registration Statement No. 33-49785,
Registration Statement No. 33-49849, Registration Statement No. 33-51071,
Registration Statement No. 33-51735, Registration Statement No. 33-58563,
Registration Statement No. 333-10797, Registration Statement No. 333-13115,
Registration Statement No. 333-16563, Registration Statement No. 333-88225,
Registration Statement No. 333-88709 and Registration Statement No. 333-42768 on
Forms S-8 and Registration Statement No. 333-18345, Registration Statement No.
333-54009, Registration Statement No. 333-75989 and Post-Effective Amendment No.
1 to Registration Statement No. 333-51617 on Forms S-3 of our reports dated
January 18, 2001, appearing in and incorporated by reference in this Annual
Report on Form 10-K of Union Pacific Corporation for the year ended December 31,
2000.



/s/ Deloitte & Touche LLP
DELOITTE & TOUCHE LLP



Omaha, Nebraska
March 21, 2001