Catch per unit effort (CPUE) and species composition in the pair-trawl fishery in commercial Area A of southern Lake Malawi were assessed from 1991 to 2001. CPUE declined from 1.7 t day )1 in 1995 to 0.5 t day )1 in 2001 and the fishery is considered depleted. In 2000/2002, catch composition differed significantly from a 1991 survey, and was dominated by haplochromine cichlids (92% by weight). Of 98 haplochromine cichlid taxa identified in the catch, 18 contributed ‡1% by weight. The artisanal fishery targeted similar species of a similar size. It was recommended that: (1) renewed investment and increased effort in the pair-trawl fishery is not advisable; (2) there was a need for effort limitation in Area A and (3) the pair-trawl fishery should not be managed in isolation of the artisanal fishery.artisanal fishery, catch per unit effort, Lake Malawi, management policy, pair trawl.