Capillaries of the rat skin were sectioned in planes parallel, perpendicular, and oblique to the vascular long axis for the purpose of studying the perivascular fibrous stroma. Fine structural observation revealed that the vessels had organized stromal coats. Delicate collagen fibrils were regularly arranged in alternate, largely orthogonal layers pursuing a spiral or longitudinal course at the innermost layer. However, the fibrillar density and layering differed between the continuous and fenestrated segments of the capillary course. Along segments with a narrow lumen and a thick endothelium, the fibers were dense and both the longitudinal and circular layers exhibited almost complete turns around the vascular perimeter. The fenestrated segments, in contrast, showed a loosely arranged fibrillar coat and sometimes lacked the circular layer.