Abstract. In this article we introduce the notion of projective isomonodromy, which is a special type of monodromy evolving deformation of linear differential equations, based on the example of the Darboux-Halphen equation. We give an algebraic condition for a paramaterized linear differential equation to be projectively isomonodromic, in terms of the derived group of its parameterized Picard-Vessiot group.