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                                                                   Exhibit (a)23
    
 
   
                       CONSENT OF INDEPENDENT ACCOUNTANTS
    
 
   
     We consent to the inclusion in this Registration Statement on Form S-1 of
our report dated February 27, 1998 except for Note 1, as to which the date is
August 14, 1998, on our audits of the statutory-basis financial statements of
MONY Life Insurance Company of America.
    
 
   
     We also consent to the references to our Firm under the captions "Selected
Statutory-Basis Financial Information" and "Statutory-Basis Financial
Statements" in the Prospectus.
    
 
   
                                          PricewaterhouseCoopers LLP
    
 
   
New York, New York
    
   
November 4, 1998