EXHIBIT 15.1 AWARENESS LETTER OF PRICE WATERHOUSE LLP, INDEPENDENT ACCOUNTANTS August 6, 1997 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Dear Sirs: We are aware that CSX Corporation has incorporated by reference our report dated April 16, 1997 related to Conrail Inc. (issued pursuant to the provisions of Statement on Auditing Standards No. 71) in Amendment No. 1 to its Registration Statement on Form S-4 No. 333-28523 to be filed on August 8, 1997. We are also aware of our responsibilities under the Securities Act of 1933. Very truly yours, /s/ Price Waterhouse LLP Thirty South Seventeenth Street Philadelphia, PA 19103