In European streams and rivers, the freshwater pearl mussel (Margaritifera margaritifera L., 1758) faces extinction. This is also true for the Waldaist River, with 20,000 specimens recorded in the early 1990s then Austria's most important pearl mussel river. Nowadays, there is only a single 320 m stretch with noteworthy mussel densities. During an in-depth survey of this river stretch in 2010, we detected a total of 2,774 specimens. Mussel microhabitats were confined to patches of sand and fine gravel (psammal and akal) at run sections of the river, stabilized by large boulders. Pearl mussels avoided large accumulations of fine sediments. Typically situated at undercut slopes, preferred microhabitats were 0.25-0.50 m deep at baseflow with current velocities (at 40% depth) of 0.2-0.6 m s −1 . A comparison of the present stock with data from 1997 revealed a rapid decline in mussel density down to 27%. We also noticed strongly reduced growth and a high mortality of medium age classes. Juvenile mussels were completely lacking. With respect to host specificity in terms of glochidia survival, the brook char Salvelinus fontinalis (Mitchill, 1814), a suitable host in North America, shed glochidia within eight days. In the brown trout Salmo trutta L., 1758, two strains were investigated. Glochidia survival, growth and prevalence were significantly higher in the Danish than in the Austrian hatchery strain.