Summlnlary. Ascorbic acid oxidase activity in Mllyrotheciumii verrucaria extracts resulted in°2 uptake exceeding 0.5 mole per mole of ascorbic acid and in CO2 evolution. Measurement of oxidized ascorbic acid at completion of the reaction demonstrated that an average of 10 % of the oxidized prodtuct disappeared. A comparison of the gas exchange data with the amount of ascorbic acid not accounted for indicated that the reaction couild not be explained by independent oxidase and oxygenase systems. Chromatographic examination of the reaction mixtures identified L-threonic acid. Experiments with ascorbic acid-1-14C showed that C-1 was partially decarboxylated during the oxidation. Test of the fungal extracts for enzymes that might explain the deviation from expected stoichiometry showed that phenolase, glutathione reductase, cytochrome oxidase, peroxidase and oxalic decarboxylase were not involved. Addition of azide in concentrations sufficient to block catalase increased excess 0 consumption abouit 65 %. No enzymes were found that could directly attack oxidized ascorbic acid.H,09 accumulated during oxidation in azide-blocked systems.The 02 excess could be explained by assuming the enzyme had peroxidative capacity on a reductant other than ascorbic acid. An intermediate of ascorbic acid oxidation appeared to function as the substrate yielding CO, and L-threonic acid on degradation.The increase in excess 0 ultilized in azide-blocked systems and the H20. accumulation also were explained by the proposed scheme. Another interpretation wotuld involve production of free radicals duiring ascorbic acid oxidation. Evidence for this was the ability of extracts to oxidize DPNH in the presence of ascorbic acid. Oxygen radicals formed in suich reactions were considered possible agents of degradation of ascorbic acid.Two enzymes are known that transfer electrons directly from ascorbic acid to 02. The first is the well-characterized copper oxidase from higher plants (8). The second, foulnd in a fuingus, Myrotheciutm zerrucaria (Alb. and Schw.) Dit. ex. Fr., was called