Detailed analyses of acoustic emission from several material classes have established that the predominant source in tensile testing is particle decohesion and fracture. Acoustic emission is a smoothly varying parameter with plastic strain in 4340 steel where small carbides predominate; however, in an IN718 superalloy, it is both bimodal and exhibits a burst phenomena where very large carbides and nitrides as well as a medium size laves (/~) phase contribute. From microscopic and acoustic emission observations, it is found that the fracture process is sulfide decohesion followed by void sheet instability associated with carbides in 4340 steel. In IN 718, large carbide or nitride fractures are followed by void sheets associated with laves phase. Identification of the major particle nucleation sites have allowed an initial interpretation of ductile hole growth models. Application of McClintock hole growth and a Hahn and Rosenfield void sheet instability criterion to the ductile fracture process has provided a good correlation to tensile ductilities, plane-strain crack tip ductilities, and plane-strain fracture toughness, K~c.