High cell density fed‐batch fermentation of Alcaligenes eutrophus was carried out for the production of poly(3‐hydroxybutyrate) (PHB) in a 60‐L fermentor. During the fermentation, pH was controlled with NH4OH solution and PHB accumulation was induced by phosphate limitation instead of nitrogen limitation. The glucose feeding was controlled by monitoring dissolved oxygen (DO) concentration and glucose concentration in the culture broth. The glucose concentration fluctuated within the range of 0–20 g/L. We have investigated the effect of initial phosphate concentration on the PHB production when the initial volume was fixed. Using an initial phosphate concentration of 5.5 g/L, the fed‐batch fermentation resulted in a final cell concentration of 281 g/L, a PHB concentration of 232 g/L, and a PHB productivity of 3.14 g/L · h, which are the highest values ever reported to date. In this case, PHB content, cell yield from glucose, and PHB yield from glucose were 80, 0.46, and 0.38% (w/w), respectively. © 1997 John Wiley & Sons, Inc. Biotechnol Bioeng 55: 28–32, 1997.