Soil acidity and low availability of P limit crop production in the highlands of Ethiopia. The objective of this study was to determine the P status, distribution and forms of inorganic P and relate them to selected chemical properties of eight representative acidic surface soil samples from Farta District. Soil pH (H 2 O) varied between 4.74 and 5.50. The moderate to high CEC suggests that besides kaolinite, the soils also contain expandable 2 : 1 clay minerals. Though the total P content was high, the available Olsen P content was very low or low in all soils except one. In most soils, the abundance of inorganic P fractions was as follows: P bound by oxalate extractable iron (Fe ox -P) > reductant soluble Fe-P > occluded Al-Fe-P > P bound by oxalate extractable aluminum (Al ox -P) > calcium bound P (Ca-P). Olsen P had a very strong positive correlation ( ≤ 0.01) with Al ox -P ( = 0.98), Fe ox -P ( = 0.96), and oxalate extractable P ( = 0.94). Though Fe bound P reserves were quite abundant and the degree of P saturation of Al ox + Fe ox (median 3.3%) was moderate, the extremely low P saturation of Al ox (median 0.5%) explains the P deficiency of the soils.