

                                                               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 Exchange Stock Option Program under 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, and the related
financial statements schedules included therein, filed with the Securities
and Exchange Commission.


                                             /s/ Ernst & Young LLP




ERNST & YOUNG LLP


Chicago, Illinois
November 29, 1999


