The pineal organ of adult pikes, Esox lucius L., maintained under normal diurnal conditions, was studied with a combination of light microscopy, fluorescence histochemistry of certain arylethylamines, and electron microscopy. 1. The pineal parenchyma consists of sensory cells, supporting cells, and a third cell type which may be identical with previously described ganglion cells. The nerve fibres constituting the pineal tract were well visible after silver impregnation. 2. The sensory cells are dumb-bell shaped and of the typical teleost pineal photoreceptor type. The cytoplasm contains numerous mitochondria and free ribosomes, well-developed rough endoplasmic reticulum and Golgi complex, and is characterized by the presence of tubules and bundles of fibrils. Large numbers of glycogen granules are occasionally recognized. 3. The supporting cells, showing a conspicuous variation in shape, contain a special type of rough endoplasmic reticulum in the form of large, ribosome-studded cisternae with a finely granular content. 4. Basal prolongations of sensory cells and slender projections from supporting cells converge into neuropil-like formations which probably also contain dendrites of ganglion cells. The presence of synaptic vesicles, synaptic rods and tight junctions indicates a transmission mechanism in these neuropil-like areas. The synaptic vesicles react positively after fixation with a zinc iodide-osmium tetroxide mixture. 5. Fluorescence microscopy of formaldehyde-treated pineal organs revealed an intense yellow fluorescence in the entire parenchyma, particularly in basally located “rosette” formations which may be identical with the neuropil-like areas. Small bundles of adrenaline-containing nerves run in the meningeal connective tissues and give off slender fibres which accompany blood vessels in meninges, in the dorsal sack and in the paraphysis; no fibres were seen to enter the pineal organ. The entire pineal area contain large numbers of mast cells probably storing dopamine. 6. Microspectrofluorometric analysis indicates that the yellow pineal fluorophore is identical with 5-hydroxytryptamine, although the presence of other closely related indoles (e.g. 5-hydroxytryptophan and melatonin) cannot be excluded. 7. Pineal 5-hydroxytryptamine is markedly resistant towards the amine-depleting action of reserpine. It disappears after inhibition of the decarboxylating enzyme. The amine accumulates in the parenchyma when monoamine oxidase is blocked. 8. In spite of the application of special methods for electron microscopic visualization of biogenic monoamines, it was not possible to demonstrate the submicroscopic storage site for 5-hydroxytryptamine. 9. The presence of indoles in the fish pineal is discussed with regard to the role in melatonin synthesis, and with regard to a possible functional relation to some as yet unidentified protein or polypeptide hormone in the sensory (photoreceptor) cells and supporting cells; both show features characterizing an active protein synthesis.