This study examines the potential of a continuous countercurrent supercritical carbon dioxide fractionation technique for deacidification of crude rice bran oil. A pilot scale packed column was utilized for the experiments. It was shown that fractionation at low pressure, 138 Bar, and high temperature, 80 o C, effectively removed free fatty acids from crude rice bran oil without any oryzanol loss in the extract fraction. Oryzanol content of the raffinate fraction was three times higher than that of the feed material. Phytosterol fatty acid ester content of the raffinate fraction was also increased during the deacidification process, however the enrichment of these moieties was not as high as that found for oryzanol.