Computerized digital or pixel analysis of ultrasonic images was used to evaluate size and shape changes of preovulatory follicles in mares. Examinations of 12 preovulatory follicles were video-taped at 12-h intervals for 48 h and 1/2-h intervals for 3 h before ovulation. The maximum cross-sectional image of the antral area of each follicle was selected for each examination. A theoretical center was computed on basis of total pixel count for the antral area. Line lengths radiating from the center of the follicle to each pixel at the perimeter of the antrum were measured. For each examination of each follicle, size was represented by mean and median radial line lengths in pixels. Shape of each follicle was quantified by the magnitude of line length variance. There were no significant differences in the size of the preovulatory follicle during the 48 h prior to ovulation. Preovulatory follicle shape, as expressed by line length variance, differed significantly among examinations. The first significant shape change occurred between −12 and −3 h (mean line length variance, 32.3 and 66.1 pixels, respectively). An additional significant shape change was detected at −1/2 h (mean line length variance, 130.3 pixels). The increase in line length variance was attributed to a gradual flattening of the cross-sectional image of the antrum from circular to oblong as ovulation approached. The hypothesis that the equine preovulatory follicle loses its spherical shape as ovulation approaches was supported. Adjacent follicles (satellite follicles) that impinged on the preovulatory follicle were assessed for shape changes by subjective comparisons. The satellite follicles appeared to lose their flattened shape during the time that the cross-section of the preovulatory follicle was losing its circular shape. The shape changes in satellite and preovulatory follicles were attributed to a decline in antral fluid pressure from within the preovulatory follicle as ovulation approached.