Summary A wood from a late Middle Eocene in-situ fossil forest in northern Peru shows affinity with Qualea (Vochysiaceae), a genus of South American lowland tropical trees, based on features including vestured pits, aliform-confluent to banded paratracheal parenchyma, and homocellular rays. Additional features suggest adaptation to dry conditions. The fossil is named as a new species within Qualeoxylon (Q. lafila). Vochysiaceae and sister-group Myrtaceae share features unique to Myrtales (vestured pits, intraxylary phloem) or common in the order (vessels generally solitary and in >1 diameter class, heterocellular rays) but in other ways are clearly differentiated. Vochysiaceae has narrow to very wide vessels with elaborated axial parenchyma and lacks most characters considered less specialized such as scalariform perforations. Myrtaceae generally has vessels with vasicentric tracheids, usually exclusively solitary, very narrow to wide, and often diagonally arranged, and includes taxa with less to more specialized features. Woods with elaborated paratracheal parenchyma and vessels wide to very wide occur in wet tropical forest environments in both families Erisma, Vochysia and Qualea/Ruizterania (Vochysiaceae) in the Neotropics and Syzygium (Myrtaceae) in the Asian tropics. The Eucalyptus spp. dominating open forests in Australia have typical myrtaceous features (including vasicentric tracheids) plus homocellular rays, whereas the eucalypt clade Angophora + Corymbia, occurring mainly in the northern, monsoonal regions of Australia, has both vasicentric tracheids and aliform to banded axial parenchyma. The fossil is an early record for Vochysiaceae and adds to indications that Vochysiaceae and sister-group Myrtaceae showed significant diversification by the late Paleogene.