Computer‐processed multichannel seismic reflection profiles from the crestal zone of the East Pacific Rise near the Siqueiros Fracture Zone have revealed distinct layering in the structure not previously observed in single‐channel reflection records. After processing, which included common depth point gathering, normal move‐out and stack, time‐varying predictive deconvolution, and wave equation migration, three distinct crustal layers emerge as coherent events across the rise crest. The base of the third layer appears to be at a depth of about 2 km below the sea floor and may represent the top of a low‐velocity magma chamber, as postulated by Orcutt et al. (1975, 1976) from the results of ocean bottom seismometer refraction data. This layer appears to thicken away from the rise crest toward the edge of the raised axial block that characterizes the East Pacific Rise (Anderson and Noltimier, 1973). Illustrated in this article is the ability of modern processing techniques as applied to multichannel seismic data to enhance weak arrivals, to minimize sound source bubble‐pulse reverberations, and to remove the diffraction patterns caused by rough topography.