


                    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 25, 1996,
included in Action Performance Companies,  Inc.'s Form 10-KSB for the year ended
September  30,  1996,  and to  all  references  to our  firm  included  in  this
Registration Statement.


                                                             ARTHUR ANDERSEN LLP


Phoenix, Arizona
May 23, 1997
