In a study undertaken to evaluate the status of the fisheries of Eleiyele Reservoir (Nigeria) between 1995 and 1997, thermal stratification was observed to breakdown between December and March. Of the physico-chemical variables, transparency was positively correlated (p<0.05) with primary productivity, conductivity and dissolved oxygen concentration. Primary productivity ranged between 0.38mgC/m super(2)/d and 3.OmgC/ m super(2)/d, being lowest in April. BOD values ranged between 1.3mg-2.2mgO/l indicative of clean unpolluted water. Nine fish species belonging to the families Cichlidae, Centropomidae and Mochokidae were identified. Cichlids were the most abundant with Hemichromis species being predominant. Fishing was only carried out in the reservoir during the dry season months of November to April. Fish landing data for the reservoir, obtained from the Fisheries Division of the Ministry of Agriculture and Natural resources, Oyo State, in conjunction with comparative data from the Cooperative fishermen was low. It demonstrated a decreasing trend from January to April and during the period between 1985 and 1996, when compared with data collected in 1985 and 1986 from a previous similar study. Reasons for the low fish yield from the reservoir are discussed and compared with other Nigerian reservoir