1
                                                                    EXHIBIT 23.1


                         CONSENT OF INDEPENDENT AUDITORS


We consent to the incorporation by reference in the following Registration
Statements of Park-Ohio Holdings Corp., for the registration of its common stock
of our report dated February 15, 1999 relating to the consolidated financial
statements of Park-Ohio Holdings Corp., included in this Annual Report on Form
10-K for the year ended December 31, 1998.



                                                                                            Shares/Dollars
Registration Statement                          Description                                   Registered
- ----------------------          ---------------------------------------------------        ----------------
                                                                                     
Form S-8 (33-64420)             1992 Stock Option Plan                                           350,000

Form S-8 (33-01047)             Individual Account Retirement Plan                             1,500,000

Form S-8 (333-28407)            Amended  and  Restated  1992 Stock  Option Plan and              750,000
                                1996 Non-Employee Director Stock Option Plan

Form S-8 (333-58161)            1998 Long-Term Incentive Plan                                    550,000

Form S-4 (333-46931)            Formation of PKOH Holding Corporation                         11,000,000




                                           /s/ Ernst & Young LLP

Cleveland, Ohio
March 26, 1999