A new polysubstituted benzaldehyde derivative, ethyl 5-ethoxy-2-formyl-3-hydroxy-4-methylbenzoate (1), was isolated from the co-culture broth of two mangrove fungi (strains Nos. K38 and E33) isolated from the South China Sea coast. The structure of 1 was determined by comprehensive spectroscopic methods, especially 2D NMR techniques. Primary bioassays showed that compound 1 at 0.25 mM inhibited Fusarium graminearum, Gloeosporium musae, Rhizoctonia solani Kuhn, and Phytophthora sojae (Kaufmann & Gerdemann) in 12. 06, 11.57, 10.21, and 8.50 mm diameters, respectively. Keywords: co-culture, marine mangrove fungus, polysubstituted benzaldehyde, antifungal activity.The rediscovery of known secondary metabolites is a chronic problem in natural products chemistry, suggesting overall that more efficient methods need to be developed or adopted to enhance the discovery of new natural compounds [1,2].According to the hypothesis that some special microbial secondary metabolites may only be produced in response to interactions with other microbes, the method of culturing different microbes together has been used for searching for novel natural products in recent years. One of the first documented examples of novel natural compound obtained from marine microbial co-culturing was reported by the Fenical laboratory at the Scripps Institution of Oceanography. To date, they reported at least seven new biologically active compounds by co-culture studies of marine-derived microorganisms, pestalone [3], libertellenones A-D [4], and emericellamides A and B [5]. Additionally, three new alkaloids, marinamides A and B [6] and aspergicin, were isolated from the mixed cultured mycelia of two marine-derived mangrove epiphytic fungi [7]. During our co-culture studies with marine mangrove fungi, we investigated the secondary metabolites produced from the co-culture broth of two mangrove fungus strains E33 and K38 isolated from the South China Sea coast, which yielded a new antifungal xanthone derivative, 8-hydroxy-3-methyl-9-oxo-9H-xanthene-1-carboxylic acid methyl ether [8], and a new cytotoxic nonadride analogue, (-)-byssochlamic acid bisdiimide [9].In the study, we describe the isolation and identification of another new compound from the co-culture broth of the same mangrove fungi E33 and K38, a polysubstituted benzaldehyde named ethyl 5-ethoxy-2-formyl-3-hydroxy-4-methylbenzoate. Its antifungal effects against four plant pathogenic fungi were measured in vitro.A 200 L fermentation broth was concentrated and extracted with ethyl acetate. The extract was repeatedly chromatographed on silica gel to obtain compound 1 from the 10% ethyl acetate-petroleum fraction as colorless needles. Compound 1 has the molecular formula C 13 H 16 O 5 , determined by FAB-MS (m/z 253 [M + H] + ) and elemental analysis, which led to the conclusion that compound 1 had five degrees of unsaturation. The 13 C NMR spectrum of 1 (Table 1) exhibited 13 carbon signals attributable to three methyl, two methene, two methine, and six quaternary carbon atoms according ...