EXHIBIT 15
    

   
                                                                      EXHIBIT 15
    
 
   
Securities and Exchange Commission
450 Fifth Street NW
Washington, D.C. 20549
    
 
   
Re: Protective Life Insurance Company
    
 
   
We are aware that our report dated April 23, 1998 on our review of interim
consolidated financial information of Protective Life Insurance Company and
Subsidiaries for the period ended March 31, 1998, and included in the Company's
quarterly report on Form 10-Q for the quarter then ended, is included in this
registration statement on Form S-6. Pursuant to Rule 436 under the Securities
Act of 1933, this report should not be considered a part of the registration
statements prepared or certified by us within the meaning of Sections 7 and 11
of that Act.
    
 
   
PRICEWATERHOUSECOOPERS, L.L.P.
Birmingham, Alabama
July 8, 1998