Myelinated axons isolated from rat CNS brain stem by flotation in a buffered sucrose‐salt medium were shocked by vigorous homogenization in hypotonie buffer and then fractionated on a 20‐40% (wt/wt) linear sucrose gradient in a Beckman Ti‐14 Zonal Rotor. After centrifu‐gation to equilibrium, the gradient was fractionated on the basis of sucrose density into 13 individual fractions. The distributions of molecular markers related to myelin [(myelin basic protein, 2’3′‐cyclic nucleotide 3′‐phos‐phodiesterase (EC 3.1.4.37), myelin‐associated glycopro‐tein (MAG)]; microsomes [CDP‐choline:l,2 diglyceride cholinephosphotransferase (EC 2.7.8.2)]; mitochondria [cytochrome c oxidase (EC 1.9.3.1), monoamine oxidase (amine:oxygen oxidoreductase, deaminating, EC 1.4.3.4)], and axolemma [acetylcholinesterase (acetylcho‐line hydrolase, EC 3.1.1.7), 5′‐nucleotidase (5′‐ribonu‐cleotide phosphohydrolase, EC 3.1.3.5), Na+,K+‐adeno‐sine triphosphatase (EC 3.6.1.3), [3H]saxitoxin binding] were examined, as well as the protein composition and morphological appearance of the fractions. The myelin‐related markers were most enriched in the 20‐26% region of the gradient, although the MAG was broadly distributed throughout the entire gradient. The axolemma‐related markers were most enriched in the 28‐32% region of the gradient, whereas the microsomal and mitochondrial‐related markers were enriched in the 35‐40% region of the sucrose density gradient. Mixing experiments utilizing 125I‐labeled membrane preparations derived from cultured oligodendroglial and astroglial cells indicated that the constituents of the shocked myelinated axons were not significantly contaminated with glial membranes. The morphology of the fraction was consistent with the membrane molecular marker distribution: the light end of the gradient contained multilamellar myelin; fractions in the center of the gradient were enriched in un‐ilamellar membrane fragments; the densest regions of the gradient were enriched in mitochondria. The myelin specific proteins were the prominent polypeptides in the 20‐25% regions of the gradient, whereas polypeptides having a molecular weight of 50,000 or greater predominanted in the denser regions of the gradient. The significance of the distribution of these membrane markers and the utility of this fractionation procedure are discussed.