A series of temperature and salinity profiles was made in the ocean under the Ross Ice Shelf at 82°22.5′S, 168°37.5′W where the ice was 420 and the underlying seawater 240 m thick. The water structure consisted of a fairly well‐mixed, low salinity layer at the in situ freezing point of the ice‐water interface about 30 m thick, a transition layer characterized by intrusions about 85 m thick, a strongly stratified layer with increasing temperature and salinity about 50 m thick, another transition layer characterized by intrusions about 45 m thick, and an isohaline bottom layer with a nearly abiabatic temperature gradient about 30 m thick. The temperature fluctuations in the two transition layers can be attributed mainly to intrusive activity even though internal wave activity was highest in these regions. In the central stable layer, internal waves probably contribute to the temperature fluctuations equally with intrusions. The internal wave ‘dropped’ displacement spectrum seems to be very similar to those found in the open ocean. Some profiles showed intrusions in the top transition layer colder than the top boundary layer, and some showed intrusions in the bottom transition layer warmer than the bottom boundary layer, indicating that horizontal shear must be present. Internal waves of near inertial frequency excited by the semidiurnal tides combined with shear‐induced instabilities seem to be the likely causes of the observed fine structure.