ABSTRACT. Ontogenetic migrations of fish larvae were studied in relation to vertical distribution of their prey and their predators at a single, unstratified, 60 m deep, station off Plymouth, UK. The vertical distribution of fish larvae was highly stratified. Die1 migrations were weak. Marked ontogenetic migrations reflected a size-related shlft in the equilibrium between predation and starvation risks. Yolksac larvae concentrated in the top half of the water column where planktonic predators were the least abundant. As size increased, the overlap between the vertical distribution of the postlarvae and that of potential predators increased. Postlarval stages of species feeding on copepods were distributed in direct proportion to resource availability. This suggested an optimization of postlarval foraging behaviour in response to density-dependent competition for food. Calculations showed that the larvae themselves had little impact on their resource, but indications were found that the abundance of larval fish food was affected by other planktivorous predators. We conclude that the density-dependent competition for food suggested by the observed patterns of postlarval distribution could only be generated at the level of the entire assemblage of planktonic predators.