Consent of Independent Accountants We hereby consent to the incorporation by reference in each Prospectus constituting part of this Post-Effective Amendment No. 5 to the Registration Statement No. 33-88456 on Form S-3 of our report dated February 7,1996, appearing on page F-1 of The Equitable Life Assurance Society of the United States ' Annual Report on Form 10-K for the year ended December 31,1995. We also consent to the incorporation by reference of our report on the Consolidated Financial Statement Schedules dated February 7,1996, which appears on page F-41 of such Annual Report on Form 10-K. We also consent to the references to us under the headings "Independent Accountants" in each Prospectus. /s/ Price Waterhouse LLP Price Waterhouse LLP New York, New York August 28,1996