In vitro antioxidant and anti-inflammatory activities of fluidized bed ethanol extracts of Pleurotus ostreatus PQMZ91109, PBS281009, M2191 (obtained from a laboratory greenhouse), Agaricus bisporus, Marasmius oreades, Craterellus cornucopioides, and Tuber melanosporum were investigated using free radical scavenging activities, metal chelating effects, inhibition of lipid peroxidation (inhibition of peroxyl radicals), xanthine oxidase, and lipoxygenase, and identification of antioxidant compounds. Levels of different compounds with antioxidant properties demonstrated the presence of more tocopherols than polyphenol carboxylic acids and flavones. HPLC showed that T. melanosporum extracts had high correlation values between levels of different active compounds and antioxidant assay results. Tocopherol levels were highly correlated (R 2 =0.867) with anti-inflammatory activities and inhibition of lipid peroxidation. Fluidized bed ethanol extracts from dried mushroom fruit bodies can be a source of products rich in tocopherols, and can constitute an important ingredient in food supplements.