Form: 10-K

Annual report [Section 13 and 15(d), not S-K Item 405]

CONSENT OF EXPERTS AND COUNSEL.

Published on


EXHIBIT (v)
CONSENT OF INDEPENDENT ACCOUNTANTS


We hereby consent to the incorporation by reference in the Prospectus
constituting part of the Registration Statements on:

Form Reference

Form S-8 No. 33-5291

Form S-8 No. 33-4549

Form S-8 No. 33-22238

Form S-8 No. 33-5765

Form S-8 No. 33-41182

Form S-3 No. 33-5289

Form S-3 No. 33-5290

Form S-3 No. 33-18280

Form S-3 No. 33-25730

Form S-3 No. 33-21723

Form S-3 No. 33-27244

Form S-3 No. 33-33948


of Pitney Bowes Inc. of our report dated January 31, 1995 appearing in the
Pitney Bowes Inc. 1994 Annual Report to Stockholders which is incorporated
in this Annual Report on Form 10-K. We also consent to the incorporation
by reference in the aforementioned Registration Statements of our report on
the financial statement schedules, which appears in this Form 10-K.



/s/Price Waterhouse LLP
Price Waterhouse LLP




Stamford, Connecticut
March 30, 1995