

                                   EXHIBIT 23

                       Consent of Independent Accountants


     We hereby  consent to the  incorporation  by  reference  in the  Prospectus
constituting  part of the  Registration  Statement on Form S-3 (No.  333-10847),
Registration  Statement on Form S-8 (No. 33-87064) and Registration Statement on
Form S-3 (No. 33-76864) of ARC Capital (formerly Applied Laser Systems, Inc.) of
our report dated March 18, 1997  appearing on page F-2 of this Annual  Report on
Form 10-K.






PRICE WATERHOUSE LLP

Portland, Oregon
March 21, 1997




