1
                                                                    Exhibit 23.1


                        CONSENT OF INDEPENDENT AUDITORS

We consent to the incorporation by reference in this Registration Statement on 
Form S-8 pertaining to the 1998 Long-Term Incentive Plan of Park-Ohio Holdings 
Corp. for the registration of 550,000 shares of its common stock of our report 
dated February 16, 1998 with respect to the consolidated financial statements 
of Park-Ohio Industries, Inc. included in its Annual Report on Form 10-K for 
the year ended December 31, 1997, filed with the Securities and Exchange 
Commission.


                                        /s/ERNST & YOUNG LLP

Cleveland, Ohio
June 26, 1998