
<PAGE>
                                                                    Exh. 23.2

                                 [LETTERHEAD]

[September 30, 1996]


Mr. Arthur Staubitz
Senior Vice President, Secretary
  and General Counsel
Baxter International Inc.
One Baxter Parkway
Deerfield, Illinois  60015

Dear Mr. Staubitz:

We hereby consent to (i) the inclusion of our opinion letters, dated [September
30, 1996], to the Board of Directors of Baxter International Inc. ("Baxter") as
exhibits to the Information Statement on Form 10, as amended, of Allegiance
Corporation ("Allegiance") relating to the proposed distribution to the
stockholders of Baxter of all of the outstanding shares of common stock of
Allegiance and (ii) all references made to our firm and such opinions in such
Information Statement under the caption "THE DISTRIBUTION - Opinions of
Financial Advisor".  In giving such consent, we do not admit that we come within
the category of persons whose consent is required under, and we do not admit and
we disclaim that we are "experts" for purposes of, the Securities Act of 1933,
as amended, and the rules and regulations promulgated thereunder.

                                                 Very truly yours,

                                                 CS FIRST BOSTON CORPORATION

                                                 By:
                                                     ------------------------
                                                     Richard H. Bott
                                                     Managing Director

