The Pacific equatorial countercurrent flows from west to east across the entire Pacific, a few hundred miles north of the equator. The velocity structure of this current in the eastern Pacific has been studied on three cruises during the period 1955–1959; in this paper the results of the work are summarized. (1) The most unusual observation concerns the variation in transport. In August 1958 the transport was in excess of 60×106m3/sec. Eleven months later it was nearly zero. (2) Direct current measurements indicate that the current is in approximate geostrophic balance. (3) There is some indication of an Ekman drift current superimposed on the geostrophic current at the surface. (4) There is considerable day‐to‐day variation in the surface current. The mean speed of the surface current (in the region studied) increases to the east and the rms variation of the surface current increases as the mean speed increases.