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From each of five yeast-like fungi and a trichophyton there has been prepared a fraction which appears to be essentially a polysaccharide. Tested by direct precipitation against the corresponding antisera the polysaccharides from the yeast-like fungi exhibit only partial specificity. Cross-precipitin reactions are frequent. By absorption of precipitin on the intact mycotic bodies, however, a relatively high degree of specific precipitability can be demonstrated for the polysaccharides.