The discovery of the crustacean eye-stalk hormone by Perkins1 and by Koller2 was soon followed by announcements of its effects upon the chromatophores of vertebrates. Koller and Meyer,3 Meyer,4 Perkins and Kropp,5 and Kropp and Perkins6 reported contraction of fish melanophores following injections of eye-stalk extracts, and Kropp5 and Kropp and Perkins6 found melanophore expansion in tadpoles following similar injections. These divergent results led the writer to reinvestigate the physiological properties of eye-stalk extract with more rigidly-controlled, experimental animals. Extracts were made from the eye-stalks of Palaemonetes vulgaris and injected in various dosages into specimens of fishes, amphibians, and reptiles. The extracts were prepared by macerating eye-stalks in water. The supernatant liquid was boiled, filtered and dried. The dried material was extracted with hot 95% alcohol, the soluble fraction dried, washed with ether, and the ether insoluble material re-extracted with absolute ethanol....