EXHIBIT 23.1

                    CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
                            WITH RESPECT TO FORM S-3

As  independent  public  accountants,  we hereby consent to the incorporation by
reference in this registration statement of our reports dated March 8, 2000, and
September 2, 1999, included in the ABC-NACO Inc. and Subsidiaries' Form 10-K for
the  five  months ended December 31, 1999, and Form 10-K for the year ended July
31,  1999,  respectively,  and  to  all  references to our firm included in this
registration  statement.


/s/  Arthur  Andersen  LLP
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Arthur  Andersen  LLP
Chicago,  Illinois
June  1,  2000