Sugarcane bagasse hydrolysate (initial acetic acid concentration = 3.5g/L), was used as a fermentation medium for conversion of xylose into xylitol by the yeast Candida guilliermondii FTI 20037. Acetic acid (2.0g/L) was added to the medium at different times of fermentation, with the aim of evaluating its effects on the bioconversion process. The addition of acetic acid to the medium after 12h of fermentation resulted in the strongest inhibition of the yeast metabolism. In this case, the xylose consumption and cell growth were, respectively, 23.22 and 11.24% lower than when acid was added to the medium at the beginning of fermentation. As a consequence of the inhibitory effect, lower values of the xylitol yield (0.39g/g) and productivity (0.22g/L.h) were observed, corresponding to a reduction of 36 and 48%, respectively, in relation to the values obtained with the addition of acetic acid after other fermentation times. The results obtained allowed to conclude that, under the experimental conditions employed in this work, the inhibitory effect of acetic acid on the xylose-xylitol bioconversion depends on the fermentation time when this acid was added, and not only on its concentration in the medium.