An investigation of lipases from Rhizomucor miehei, Candida rugosa and porcine pancreas revealed that these enzymes hydrolyzed triglycerides in an organic solvent system. The presence of secondary amines, i.e., diethylamine, N-methylbutylamine, or the tertiary amine, triethylamine, greatly increased the extent of hydrolysis. The lipolysis of tallow took place under mild conditions, e.g., room temperature, moderate shaking and within 20 hr. At 45-degrees-C, complete hydrolysis of tallow was obtained in 6 hr. Vegetable oils and a fish oil (cod liver oil) were also hydrolyzed at 20-degrees-C by R. miehei lipase in the presence of N-methylbutylamine for 20 hr. The lipases were recovered for reuse with some loss of activity. Optimum yields of free fatty acids were obtained by using R. miechei lipase as catalyst.