Among fast natural phenomena, exchange pro� cesses involving the atmosphere and the ocean are of particular interest. These processes include the inter� action of rainfall (first of all, rain) with the oceanic surface. The kinetic energy of a rain droplet and the surface energy that becomes free once the droplet has been absorbed result in a series of hydrodynamic phe� nomena. These are formation of a cavern, a cumula� tive jet, streamers, regular capillary waves, and irregu� lar waves. The formation and fillingin of the caverns are accompanied by the detachment of air cavities of both regular and irregular shape, with a part of them emitting sound. The acoustic rain noise generated by falling drop� lets forms the total sonic background. This is an important source of information on the intensity and localization of rain, which is a significant fraction of the total ocean acoustic noise (1). In records of under� water signals obtained within the rain period, the spec� tral peak between 10 and 15 kHz is surely localized (2). Modernization of experimental methods has opened the possibility to measure fluctuations of sound pressure in water, which arise as a result of the fall of both the set of (rain) droplets and an individual droplet with the simultaneous registration of the flow pattern (2). Among competing mechanisms of sound emission, the impact pulse, hydrodynamic impact, and aircavity resonances were analyzed. In experi� ments, along with the sound registration, air bubbles were always observed. Therefore, basic attention was paid to the resonance mechanism for which the soundemission frequency was connected to the bub� ble size by a simple calculation relationship (3). The available experimental data made it possible to obtain a diagram of flow modes in the plane of the dropletfall velocity as a function of the droplet diam� eter. In this plane, a region of stable registration is iso� lated for gas bubbles of the size corresponding to the spectralpeak frequency (4). However, for the reso� nance mechanism, the question remained open on the transformation of the fallingdroplet energy to that of bubble resonance vibrations accompanied by sound emission. In further experiments, it was noted that gas cavities emit underwater sound in the course of recon� structing their irregular shape (with tapers and folds) to the equilibrium (spherical) one. This process is accompanied by the liberation of the potential surface energy (5). The analysis of the processes allows for the fact that a falling droplet leads to accepting the substance liq� uid, the momentum, and the mechanical energy, which results in generating visible and latent flows of different scales. Caverns, coronas, cumulative jets, and streamers correspond to visible flows and manifest themselves in the changing the shape of the free sur� face (6). Largescale latent flows cause chaotic displace� ments of gas bubbles in the bulk of the liquid. The vir� tually unstudied finestructure latent flows manifest themselves in peculiarities of both the freesurface shape and the substancetransport pattern near the interface. They also determine the properties of emit� ted sound packets. In the present paper, for the first time, we thoroughly study the frequencytime param� eters of sound signals initiated in air and water by freely falling droplets.