I . The effects of intravenous infusions of emulsified cod-liver oil, Ethive (British Codliver Oils (Hull & Grimsby) Ltd; ethyl ester fraction of cod-liver oil rich in polyunsaturated acids) and soya-bean oil on the secretion of milk fat and the composition of blood lipids in the dairy cow were investigated.2. Soya-bean oil increased the yield of total fat, by increasing the secretion of unsaturated Cls acids in milk and also increased the proportions of oleic and linoleic acids in the blood plasma triglycerides. 3. Cod-liver oil and Ethive both decreased the yield of total fat and the yields of CI4 to C,, acids but had no effect on the yields of C4 to C,, acids in milk. Although the emulsions contained considerable quantities of Cao to C,, acids, which were incorporated into the blood plasma triglycerides, these acids were not secreted in the milk fat. 4. It is concluded that, if the polyunsaturated Czo and Ca2 acids in cod-liver oil are not hydrogenated in the rumen before their absorption from the digestive tract, they can act directly on the mammary gland, possibly through the inhibition of lipoprotein lipase, to reduce the secretion of long-chain acids in milk. In addition, cod-liver oil may have an indirect effect, through changed volatile fatty acid production in the rumen, on the secretion of short-chain acids in milk.