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                                                                    EXHIBIT (23)
 
                     LETTERHEAD OF COOPERS & LYBRAND L.L.P.
 
                       CONSENT OF INDEPENDENT ACCOUNTANTS
 
     We consent to the incorporation by reference in the registration statement
of USL Capital Corporation on Form S-3 (File No. 33-56196) of our report dated
January 26, 1996, on our audits of the consolidated financial statements and
financial statement schedules of USL Capital Corporation as of December 31, 1995
and 1994, and for the years ended December 31, 1995, 1994, and 1993, which
report is included in this Annual Report on Form 10-K.
 
                                          /s/ Coopers & Lybrand L.L.P.
 
San Francisco, California
March 22, 1996
 
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