Vermistatin (¼ (3R)-4,6-dimethoxy-3-{4-oxo-6-[(1E)-prop-1-en-1-yl]-4H-pyran-3-yl}-2-benzofuran-1(3H)-one; 1) and two new vermistatin derivatives, compounds 2 and 3, were isolated from the fungal strain Guignardia sp. No. 4382 obtained from the South-China Sea. Their structures were elucidated by various methods, including circular dichroism (CD), 1D-and 2D-NMR, and HR-EI-MS. The structures of 1 and 2 were unequivocally corroborated by X-ray crystallography, and their absolute configurations were derived by CD spectroscopy based on a literature comparison. The in vitro cytotoxic and antifungal activities of 1 and 2 were tested.Introduction. -Endophytic fungi are a well-established source for structurally diverse and biologically active secondary metabolites [1]. In continuation of our ongoing search for potential antitumor and antifugal natural products from marinemangrove fungi [2], the metabolites of the Guignardia fungal strain No. 4382, a marine endophytic fungus collected from the South-China Sea, were studied. Together with the known vermistatin (1), two new compounds were isolated: methoxyvermistatin (2) and hydroxyvermistatin (3). Their structures and absolute configurations were elucidated by circular-dichroism (CD) and 1D-and 2D-NMR experiments, as well as by HR-EI-MS and X-ray diffraction analyses. The cytotoxic activities of 1 and 2 in vitro and their antifugal activities were tested.