CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS


As independent public accountants, we hereby consent to the
use of our report, and to all references to our firm, included in
or  made a part of this Form N-1A registration statement
(No. 2-30447) for the Nicholas Fund, Inc.


                                   /s/ ARTHUR ANDERSEN LLP


                                   ARTHUR ANDERSEN LLP


Milwaukee, Wisconsin
July 24, 2000



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