The lipid and fatty acid composition and the effect of epinephrine and of norepinephrine upon acetate-I-14 C incorparation into liver lipids were studied in the nurse shark. The total lipid content varied between 3.5 and 12.8% of the fresh weight of the organ, an amount significantly lower than that found in the liver of other elasmobranchs. The triglycerides represented about 60% and the phospholipids about 10% of the total extractable lipids, whereas in mammals, these fractions represent 30% and 65% of the total lipid, respectively. Of the total fatty acid content, over 40% was represented by C: 20 and C: 22 fatty acids; 36% was represented by C:18, C:20 and C:22 polyunsaturated fatty acids. Epinephrine and norepinephrine caused I significant decrease in the total uptake of acetate-I-14 C in the liver lipids, but their effeets on the different lipid fraotions were variable. The results are eonsistent with the nations that liver is an important organ for the storage of fat and that the catecholamines have a lipolytie role in elasmabraneh fishes.