The conversion of arachidonic acid into 8,11,12-trihydroxyeicosatrienoic acid by rat lung high-speed supernatant has been resolved into two separate stages through ammonium sulfate precipitation. The first stage is catalysed by 0–30% ammonium sulfate fraction and converts arachidonic acid and 12-hydroperoxyeicosatetraenoic acid into an intermediate X. X is subsequently utilized in the second stage by the fraction sedimented at 30–50% saturation in ammonium sulfate to form two isomeric 8,11,12-trihydroxy-eicosatrienoic acids.