The lipophylic extract from a Black Sea bacterium, associated with the sponge Dysidea fragilis, was investigated. Saturated hydrocarbons and fatty acids of the lipids were identified. The concentrations of the polycyclic compounds appeared to be negligible. The main components appeared to be phosphatidyl ethanolamine, followed by phosphatidyl serine. The first was investigated by FAB mass spectrometry and a series of molecular species partially identified.