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                                                                   EXHIBIT 23.3



                    CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

As independent public accountants, we hereby consent to the incorporation by
reference in this registration statement on Form S-8 of Prison Realty
Corporation of our report dated February 16, 1998 relating to the financial
statements of Corrections Corporation of America and subsidiaries included in
Corrections Corporation of America's Form 10-K, as amended, for the year ended
December 31, 1997 and to all references to our Firm included in or incorporated
by reference in this registration statement.

                                                        ARTHUR ANDERSEN LLP

Nashville, Tennessee
January 8, 1999