EXHIBIT 23.3

                        CONSENT OF INDEPENDENT AUDITORS


    We consent to the reference to our firm under the caption 'Experts' and to
the incorporation by reference in Amendment No. 1 to the Registration Statement
(Form S-3) and related Prospectus of Leucadia National Corporation for the
registration of 2,250,000 of its common shares, of our report, dated
February 20, 2004, with respect to the financial statements of Berkadia LLC for
the year ended December 31, 2003, included in the Leucadia National Corporation
2003 Form 10-K, filed with the Securities and Exchange Commission.


                                          /s/ ERNST & YOUNG LLP


Phoenix, Arizona
February 3, 2005