Anisotropic diffusion in the excised rat spinal cord saturated with 0.9% saline was investigated using MR microimaging with b-values up to 8000 s/mm2 for different diffusion times. Non-exponential transversal diffusion decay found in white matter (WM) and gray matter (GM) was fitted with 2 components (the "fast" and the "slow"). Significantly smaller non-exponential dependence was found for the longitudinal diffusion in the WM. Obtained results corresponding to restricted diffusion in the range from approximately 2 to approximately 7 microm were correlated with axon diameter distribution in the WM obtained from transmission electron micrographs. It was concluded that observed diffusion anisotropy in the spinal cord might be entirely explained by presence of the slow transversal component, arising from the restricted diffusion. The strict analytical description of the diffusion decay in nervous tissue requires taking into account continuous distribution of the space-scale of the restricting barriers. The simplified two-component analysis may be applicable for visualization of the nervous tissue in clinical practice.