The particulate material (intact and dissociated phycobilisomes), adjacent to the thylakoids of Plectonema boryanum and Calothrix parietina, was examined in thin sections and in freshly prepared C-phycocyanin extracts. For the latter a method was developed using spheroplasts of log-phase cells. When examined by sedimentation velocity centrifugation, the sedimentation coefficients of the rapidly extracted C-phycocyanin were found to be 18 S and 5 S. Also, a 10-S boundary was observed with P. boryanum. When C. parietina was grown under red light the 18-S aggregates increased to 20 S. The 18 S particles, in electron micrographs of negatively stained preparations, displayed eight subunits surrounding a central one. The possibility that some subunits fall out of the plane of view is contemplated in proposing a dodecamer arrangement for such particles. The 20-S particles were also examined by electron microscopy. However, the precise number of monomer units associated with either the 18-S or 20-S particles has not yet been ascertained. Thin sections of intact algal cells are presented to demonstrate the presence of phycobilisomes along the outer faces of the thylakoid membranes.