Mannitol-1-phosphate dehydrogenase [EC 126.96.36.199] activity was demonstrated in extracts of Pseudevernia furfuracea and Hypogymnia physodes. The reaction was found to be highly substrate specific for fructose-6-phosphate/NADH or mannitol-1-phosphate/NAD+. The pH optimum for fructose-6-phosphate reduction was 7.1, and apparent Km values were 1.2 mM for fructose-6-phosphate and 20 μM for NADH. The reaction did not require Mg++ or Ca++. For conversion of mannitol-1-phosphate into mannitol, the occurrence of mannitol-1-phosphatase in Pseudevernia furfuracea is postulated.