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EXHIBIT 23.2 CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS As independent public accountants, we hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated February 14, 1997, included in Equus II Incorporated's Form 10-K for the year ended December 31, 1996, and to all references to our Firm included in or made a part of this Registration Statement. /s/ARTHUR ANDERSEN LLP ARTHUR ANDERSEN LLP Houston, Texas November 13, 1997