
                                                               Exhibit 23.1



                      CONSENT OF INDEPENDENT AUDITORS



We consent to the incorporation by reference in the Registration Statement
on Form S-8 pertaining to the GATX Corporation 1995 Long Term Incentive
Compensation Plan of our report dated January 26, 1999, with respect to the
consolidated financial statements of GATX Corporation incorporated by
reference in the Annual Report on Form 10-K for the year ended December 31,
1998, filed with the Securities and Exchange Commission.






/s/ Ernst & Young LLP
--------------------------------
ERNST & YOUNG LLP


Chicago, Illinois
June 18, 1999



