A scheme for detection, classification and location of transmission line faults, which combines the wavelet multi-resolution analysis approach and the differential equation approach, is presented. While detection and classification of faults is carried out by a wavelet analysis based algorithm, fault location is determined by a differential equation based algorithm. Using EMTP and MATLAB, studies have been carried out on two simulated power system models. The models are subjected to different types of faults while operating at different operating conditions and the performance of the proposed scheme is evaluated. The results of the simulation studies, which are presented, confirm the feasibility of the proposed scheme.