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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 to all references to our Firm in this registration statement.


                                                         /s/ Arthur Andersen LLP

Pittsburgh, Pennsylvania

July 19, 1999