
                         [Arthur Andersen LLP Letter head]

                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

As independent  public  accountants,  we hereby consent to the  incorporation by
reference in this registration  statement of our report dated November 21, 1995,
included in Action  Performance  Companies,  Inc.'s Form  10-KSB/A  for the year
ended  September  30, 1995,  and to all  references to our firm included in this
registration statement.

ARTHUR ANDERSEN LLP

Phoenix, Arizona,
 May 14, 1996

