The hypoxia tolerance of larval and juvenile round crucian carp, Carassius auratus grandoculis, and largemouth bass, Micropterus salmoides, was determined using respirometry to examine the potential of hypoxic areas in the macrophyte zone as physiological refugia for round crucian carp. The tolerance, which was measured as the critical oxygen concentration (Pc), was 1.32 mg O2/l in the round crucian carp and 1.93 mg O2/l in the largemouth bass. As the round crucian carp tolerated hypoxia better than the largemouth bass, hypoxic areas in the macrophyte zone might function as physiological refugia for round crucian carp.