Lipids from two species of marine fish – Scomber scombrus and Trachurus trachurus were investigated. Fish oil from Trachurus trachurus had higher oil yield than that of Scomber scombrus. The lipids contain high levels of triacylglycerol 228 – 250 mg%, cholesterol 160 – 235 mg%, and phospholipids 2.2 – 2.4 mg%. Saponification of the different oils yielded saturated and unsaturated fatty acids, such as palmltic, oleic linoleic acids. Hexane and methanol were found effective solvents for separation of fatty acidsfrom the fish oil. Keywords: Fish oil, Nutrition, Industrial applications Animal Research International Vol. 1 (3) 2004 pp. 173-17