An ultrastructural and immunohistochemical study was performed on three malignant lymphomas of follicular center cell origin with signet‐ring cells. The first case corresponded to a diffuse lymphoma with follicular center cells and plasmacytic features; the other two cases corresponded to the nodular centrocytic‐centroblastic category. The neoplastic lymphocytes contained Russell bodylike inclusions, clear vacuoles, and ill‐defined eosinophilic masses, respectively, which produced a displacement of the nuclei to the periphery. Ultrastructurally, there were three different morphologic types because of the following cytoplasmic changes: the accumulation of electron‐dense granular material in the cisternae of the rough endoplasmic reticulum; the formation of clear vacuoles with a smooth limiting membrane; and, the presence of granular‐fibrillar and crystalline material in the hyaloplasm without a limiting membrane. The first type of signet‐ring cell contained monoclonal immunoglobulin (IgM‐K). No immunoglobulins were found in the clear cytoplasmic vacuoles of the second type; however, the rim of cytoplasm stained for IgG, kappa and lambda. Finally, the third type showed IgG and kappa light chain in the hyaloplasmic inclusions. It is concluded that the signet‐ring cell appearance is due to an abnormal production and secretion of immunoglobulins.