MCGRAW-HILL COMPANIES INC
S-8, EX-23, 2000-06-30
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                                                                      EXHIBIT 23


                        CONSENT OF INDEPENDENT AUDITORS


We consent to the incorporation by reference in the Registration Statement on
Form S-8 and related Prospectus pertaining to the 1993 Employee Stock Incentive
Plan of The McGraw-Hill Companies, Inc. of our reports dated January 25, 2000
with respect to the consolidated financial statements of The McGraw-Hill
Companies, Inc. incorporated by reference in its Annual Report (Form 10-K) for
the year ended December 31, 1999 and the related financial statement schedule
included therein, filed with the Securities and Exchange Commission, and
incorporated by reference in the Registration Statements on Form S-8 pertaining
to the 1993 Key Employee Stock Incentive Plan (No. 33-49743 and No. 33-30043)
and related prospectuses.

                                                      /S/ ERNST & YOUNG LLP


New York, New York
June 26, 2000


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