ORA-13601: The specified Advisor string does not exist.
Cause : Th eusre sepciifeda n daviosr anmet ha tha sno tbed efniedi n hte daviosr erpoistoyr.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Correc tth eadivso rnaem adn rteryt heo peartino.
Well, the reason for above error is that i have taken the above script from a 11g database and running it on 10g database. 11g has bring some changes in password management. Below code is executed on 11g and user created successfully, which is expected result.