Production of protein hydrolysate from shrimp precooking water using enzyme Nutrase 0.5 L was studied. Variations in the enzymatic hydrolysis were composed of the quantity of enzyme (0, 0.5, 1.0, 1.5 and 2.0 percent v/v), the pH (5.5, 6.5 and 7.5), the hydrolysing temperature (50, 55 and 60 deg C) and the hydrolysing time (15, 30, 45, 60, 75 and 90 min). The optimum condition for production of hydrolysate which gave the maximum amino acid nitrogen at 3.50 mgN/ml was 0.5 percent Nutrase, pH 6.5 50 deg C and 10 min. The chemical composition of the hydrolysate produced was 94.51 percent moisture, 2.52 percent protein, 0.33 percent fat, 1.77 percent ash and 0.88 percent carbohydrate. The hydrolysate was then freeze-dried. The dried product absorbed moisture quite easily and contained 3.80 percent moisture, 51.89 percent protein, 6.57 percent fat, 24.76 percent ash and 12.99 percent carbohydrate. To improve the quality of the dried product, the hydrolysate was mixed with 20 percent maltodextrin solution until the mixture had 10 percent total soluble solid before freeze-drying. It was found that the dried product absorbed moisture less rapidly and was ground easily. The composition of the improved product was 5.23 percent moisture, 36.98 percent protein, 3.71 percent fat, 16.61 percent ash and 41.98 percent carbohydrate. Sensory evaluation on the color and shrimp odor of these two dries products comparing to the freezed-dried unhydrolysed precooking water products showed that the freezed-dried hydrolysate without maltodextrin solution obtained the highest scores in color and odor. However, sensory evaluation the products after dissolving in water revealed that neither the hydrolysed nor unhydrolysed products had the significant differences in color, shrimp for, sweet taste, bitter taste and overall flavor.