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 appearing 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. Furthermore, we 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, N.Y.
July 14, 1997