AbstractWater fountains are evolved stars showing water masers with velocity spanning more than ~100 km/s. They usually appear at the end of the Asymptotic Giant Branch (AGB) phase or at the beginning of the post-AGB phase, and their masers trace the first manifestation of axisymmetric collimated mass-loss. For the first time, masers with water fountain characteristics have been detected towards a PN (IRAS 15103–5754), which might require a revision of the current theories about jet formation and survival times. IRAS 15103-5754 was observed using the ATCA interferometer at 22 GHz (both continuum and water maser). The main results of these observations are summarized here. The evolutionary classification of this object is also discussed.