Abstract One hundred and one species and three varieties belonging to 53 genera of zoosporic (25 species and 15 genera) and terrestrial (76 species and 3 varieties and 38 genera) fungi were isolated. The water and submerged mud directly exposed to industrial effluents were the poorest in terrestrial fungi and zoosporic fungi were completely absent. The samples had low pH, low oxygen content and relatively high levels of phosphate, sulphate, calcium and magnesium. Dictyuchus sterile and Aphanomyces laevis were the commonest zoosporic species and Aspergillus fumigatus, A. niger, A. flavus, Alternaria alternata, Gibberella fujikuroi and Stachybotrys chartarum the most prevalent terrestrial fungal species. Tripospermum sp. (aquatic hyphomycetes) was isolated from the phyllosphere of Myriophyllum spicatum and is a new record for Egypt. Some variations in the fungal diversity, frequencies and populations are related to the source of the material and the media used.