EXHIBIT 23.1






                 CONSENT OF INDEPENDENT ACCOUNTANTS


We hereby consent to the incorporation by reference in this
Registration Statement on Form S-8 of our report dated January 20,
1997, which appears on page 43 of the 1996 Annual Report to
Stockholders of International Business Machines Corporation, which
is incorporated by reference in International Business Machines
Corporation's Annual Report on Form 10-K for the year ended December
31, 1996. We also consent to the incorporation by reference of our
report on the Financial Statement Schedule which appears on page 8
of such Annual Report on Form 10-K.



                              /s/ PRICE WATERHOUSE LLP
                              PRICE WATERHOUSE LLP
New York, New York
December 9, 1997