Three new alkaloids isolated from Lycopodium paniculatum were identified as paniculine (7α-hydroxy-acetyldihydrolycopodine), deacetylpaniculine and anhydrodeacetylpaniculine. Other known alkaloids isolated include flabellidine, lycoclavine, together with deacetyllycoclavine previously obtained as a degradation product of lycoclavine. © 1979.