The telencephalo-habenulo-interpeduncular system has been anatomically and neurochemically characterized in mammals. However, little is known about these important forebrain-midbrain connections in non-mammalian vertebrates, although available data suggest that they are evolutionarily relatively conservative. Previous ultrastructural studies in the goldfish confirmed the presence of massive telencephalohabenular and habenulointerpeduncular projections and demonstrated a minor direct telencephalointerpeduncular connection. Here we report the anterograde and retrograde transport of lipophilic fluorescent carbocyanine dye from the interpeduncular nucleus and the habenular nuclei in the fixed goldfish brain. The application of dye into the interpeduncular nucleus resulted in massive labeling of the fasciculus retroflexus and of the habenular neurons. A few scattered neurons were also seen in the dorsal nucleus of area ventralis telencephali. Application of dye into the habenulae resulted in anterograde transport through the medial and lateral olfactory tracts to some cell bodies in the anterior and posterior zone of area ventralis telencephali and in perikarya of the bed nucleus and in the entopeduncular nucleus. These results demonstrate the origin of the direct telencephalointerpeduncular projection in the goldfish and confirm some important homologies with forebrain-midbrain projections in land vertebrates.