We investigated, under laboratory conditions, the presence of chemical alarm signals in juvenile rainbow trout (Oncorhynchus mykiss). In an initial experiment, we exposed trout to a whole-body extract from conspecifics or a distilled-water control. When exposed to whole-body extract, trout significantly (i) decreased time spent swimming, (ii) increased time taken to resume foraging, and (iii) decreased the number of food items eaten. These data indicate a significant chemically mediated antipredator response. A second experiment was conducted to determine (i) if this is a generalized response to injured fish or a specific response to injured conspecifics, and (ii) if the chemical signal is localized in the skin. We exposed juvenile trout to one of three chemical stimuli: (1) trout skin extract, (2) trout body extract, or (3) swordtail (Xiphophorus helleri) skin extract. Significant antipredator responses were observed in trout exposed to conspecific skin extract, but responses of those exposed to conspecific body extract or swordtail skin extract did not differ from those of distilled-water controls. These data strongly suggest that juvenile rainbow trout possess a chemical alarm signal, localized in the skin, that elicits antipredator behaviour when detected.by conspecifics.