
 
 
   
                                  EXHIBIT 3
  
                      CONSENT OF INDEPENDENT ACCOUNTANTS                     
 
 
 
      We hereby consent to the incorporation by reference in the
      Registration Statement constituting part of Post-Effective
      Amendment No.4 to the Registration Statement on Form S-8 
      (Registration No. 2-92331) of Hewlett-Packard Company of
      our report dated May 13, 1998 appearing in this Form 11-K.
 
      /s/ Price Waterhouse LLP
      ------------------------
      Price Waterhouse LLP
      San Jose, California
 
      June 23, 1998
 
  