Rayon-derived fibers are the central constituent of reinforced carbon/ carbon (RCC) composites. Optical, scanning electron, and transmission electron microscopy were used to characterize the as-fabricated fibers and the fibers after oxidation. Oxidation rates were measured with weight loss techniques in air and oxygen. The as-received fibers are *10 lm in diameter and characterized by grooves or crenulations around the edges. Below 800°C, in the reaction-controlled region, preferential attack began in the crenulations and appeared to occur down fissures in the fibers.