Growth, nitrogenous excretion and energy budget of juvenile yellow cat¢sh, Pelteobagrus fulvidraco (initial body weight 1.17 AE 0.28 g) at various levels (50%, 60%, 70%, 80%, 90% and 100% satiation per day) were investigated with feeding diet containing 40% protein. Speci¢c growth rate of yellow cat¢sh increased (2.79^3.34% day) signi¢cantly (Po0.05) with ration level (RL) increasing. Feed conversion e⁄ciency, feed protein retention e⁄ciency and feed energy retention e⁄ciency increased with the increase in RL, peaked at 70% of satiation, and then decreased at higher ration, with the ranges of 78.97^97.28%, 31.31^37.93% and 26.55^31.88% respectively. Both nitrogenous excretion (u, mg g À 1 day À 1 ) and faecal production (f, mg g À 1 day À 1 ) increased signi¢cantly with the increased RL, and ranged between 0.941 .38 and 0.69^1.24 mg g À 1 day À 1 respectively. Apparent digestibility coe⁄cients in dry matter, protein, energy decreased signi¢cantly as ration increased, with ranges of 54.42^69.64%, 78.24^89.90% and 69.66^82.07% respectively. Energy budgets of juvenile yellow cat¢sh at satiation RL was: 100C 5 30F18U133R129G or 100A 5 54R146G.