Communicated by Volodymyr Mazorchuk MSC: 17B10 17B65 17B68 Keywords: The Virasoro algebra Block type Lie algebras Quasifinite representationsA well-known theorem of Mathieu's states that a Harish-Chandra module over the Virasoro algebra is either a highest weight module, a lowest weight module or a module of the intermediate series. It is proved in this paper that an analogous result also holds for the Lie algebra B related to Block type, with basis {L α,i , C | α, i ∈ Z, i 0} and relations [L α,i , L β, j ] = ((i + 1)β − ( j + 1)α)L α+β,i+ j + δ α+β,0 δ i+ j,0 α 3 −α 12 C . Namely, an irreducible quasifinite B-module is either a highest weight module, a lowest weight module or a module of the intermediate series.