The cerrado biome is rich in caterpillar species although the general biology and ecology of most tropical species remains unknown. Three host plant genera (Byrsonima, Erythroxylum and Qualea) were examined for caterpillars in four cerrado sensu stricto areas near Brasi´lia (DF, Brazil), from 1991 to 1995. Altogether, more than 16000 host plants were sampled and less than 20% of them possessed caterpillars. All the caterpillars found were reared under laboratory conditions. We successfully reared 137 species of 24 lepidopteran families. The average number of caterpillar species per host species was 28.3. The faunal similarity among plant genera, as well as among study sites, was low, and not related to the distances between them. The low proportion of host plants with caterpillars and the high incidence of rare species appears to be a general pattern for the cerrado. A large proportion (74%) of the caterpillar species occurred on only one host plant family. The most frequent species were either specialists (restricted to one host plant genus) or generalists. We provide a brief outline of some taxonomic problems, some observations on general biology, and temporal and local patterns of some specific caterpillars species. The methodology used, which included weekly data collection, in restricted study areas of the same habitat, with the same sampling method for recording the caterpillar species on the same host plant species, can be used as a tool to explore biodiversity and to discuss some aspects of the conservation of cerrado insects.