Lipase is an enzyme that has various use in industrial sector. However, the enzyme production cost is considerably high mainly due to expensive fermentation substrate. Therefore, it is necessary to develop effective media formulation to increase production of lipase enzyme without reducing the amount of production. This research aims to know the effectiveness of rubber seed press cake as a fermentation substrate for Aspergillus aculeatus Ms. 11. We observed the effect of glucose and olive oil as a carbon source addition on the substrate, determined the growth profile and lipase production on the substrate in lipase production. Isolates of Ms.11 was inoculated in 14,28 mL MGM medium with substrate variation rubber seed press cake, rubber seed press cake + glucose, rubber seed press cake + olive oil, and combination substrate (rubber seed press cake + glucose + olive oil) during 0, 2, 4, 7 days. The highest lipase activity and lipase productivity in this study shown at 19.23 U/mL and 186.51 Yield/day, there were obtained from rubber seed press cake + olive oil on day 2, whereas the highest specific activity of lipase enzyme (1.16 U/mg) was obtained in substrate variation rubber seed press cake + olive oil on day 7. We concluded that maximum lipase production of Ms. 11 can be obtained using rubber seed press cake with addition of olive oil.