Baccharis gaudichaudiana DC. (Compositae) is used inParaguay as a folk medicine against diabetes, as a tonic, and for the treatment of gastrointestinal disease. Previous phytochemical investigations on the species resulted in the isolation of labdane-type diterpene glycosides, 1,2) clerodane diterpenes. 3,4) In the course of our search for new natural products with nerve growth factor (NGF)-potentiating activity from medicinal plants, we studied the chemical constituents of methanol extract of the aerial parts of B. gaudichaudiana, which showed moderate NGF-potentiating activity.5) The extract was repeatedly subjected to silica gel column chromatography followed by reversed-phase HPLC on an ODS column to yield a new clerodane diterpene, 15-hydroxy-16-acetoxy-ent-clerod-3-en-18-oic acid (1), three known clerodane diterpenes, 15,16-epoxy-7a,18-dihydroxy-15-methoxy-ent-clerod-3-ene (2), 6) 13,14-dihydro-marrubiagenine (3), 7) gaudichanolide A (4), 4) and three known flavones, 5,7,4Ј-trihydroxyflavone (5), 8) 5,7,3Ј,4Ј-tetrahydroxyflavone (6), 8) 5-methoxy-7,4Ј-dihydroxyflavone (7).8)The known compounds were identified by comparing their spectroscopic data with those reported in the literature. Herein, we report the isolation and structural elucidation of the new clerodane diterpene and the biological activities of the isolated compounds as enhancers of NGF action. , 15-hydroxy-16-acetoxy-ent-clerod-3-en-18-oic acid (1), together with three known clerodane diterpenes (2-4) and three known flavones (5-7), were isolated from the aerial parts of Baccharis gaudichaudiana. Their structures were elucidated on the basis of spectroscopic analysis. Compounds 2, 3, and 5 showed enhancing activity of nerve growth factor (NGF)-induced neurite outgrowth in PC 12D cells.