EXHIBIT 23.1





                      CONSENT OF INDEPENDENT  PUBLIC ACCOUNTANTS


As independent public accountants, we hereby consent to the incorporation by
reference  of our report included in this Form 10-K, into Biomagnetic
Technologies, Inc.'s previously filed Form S-8  No. 33-61057, No. 33-32260, No.
33-33179 and No. 33-68136.





/s/ARTHUR ANDERSEN LLP

San Diego, California
January  12, 1998