The crude extracts of two cyanobacterial strains, isolated from water bodiesof Shekhawati region of India, and identified as Anabaena doliolum andNostoc spongiaeforme, inâ€Âvivo mouse bioassay model. A dose of 100μg of totalprotein/kg of body weight showed restlessness, spasmodic leaping, slowmovement and loss of co â€Âordination within 6hours of intraperitonial (i.p)administration in Swiss albino mice. Further purification of crude extractswith the help of thin layer chromatography using silica gel GF 60 plates,showed four spots for each of these strains. The chronic toxicity studies withsub lethal dose of spot â€Â3 from A. doliolum have shown to cause colon tumors,whereas sub lethal dose of spot â€Â3 from N. spongiaeforme induced theintestinal tumors. An increase in oxidative stress (MDA level), serum ALT,ALP, AST and LDH level was also found in both the cases. These spots werefurther analysis with HPLC and MALDI TOFF Ms and were identified as DihydroMicrocystin –LR and [D â€ÂAsp3] Microcystinâ€ÂWR in case of Ad spotâ€Â3 andMicrocystin â€ÂLR and [Dâ€ÂAsp3] microcystinâ€ÂHtyR in case of Ns spotâ€Â3.showed high level of hepatotoxicity and tumor promotingactivity in