1. 1. Through the use of the inhibitor 5-bromouracil, respirometric measurements, and nucleotide reductions the hexosemonophosphate shunt (HMS) is shown to be active in the hepatopancreas of the crayfish O. virilis during intermolt cycle stage C. The activity of this metabolic pathway was greatest at stage C 3–4 and declined to zero in the later premolt stages. Loss of sensitivity to a pentose shunt inhibitor after eyestalk removal points to the regulation of metabolic routes by eyestalk principles. 2. 2. The amount of glucose-6-phosphate which travels via the HMS in tissue from intermolt animals, as evaluated from utilization of 6-PG by the same tissue, is estimated to be approximately 10 per cent of the available substrate. 3. 3. By measuring triphosphopyridinenucleotide reduction it was shown that there is greater activity in an “incomplete carbohydrate cycle” in tissue from intermolt animals than in that of premolt animals. It is suggested that increased activity of this cycle, with an accompanying decrease in oxygen consumption during intermolt, may provide a biochemical basis for the increase in protein and lipid synthesis which occurs at this time.