Exhibit 23.1

                              [ANDERSEN LETTERHEAD]

                    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 January
30, 2001 (except with respect to the matters  discussed in Notes 9 and 19, as to
which the date is March 23, 2001)  included in  Halliburton  Company's Form 10-K
for the year ended  December 31, 2000 and to all references to our Firm included
in this registration statement.

                                            /s/ Arthur Andersen LLP


Dallas, Texas
January 8, 2002