The effect of process conditions on antioxidant activity of Cordyceps militaris hydrolyzed with Neutrase has been investigated using response surface methodology (RSM) in this paper. RSM was including three parts: Fractional factorial design(FFD),steepest ascent design,and central composite design(CCD).The optimum conditions of enzymatic hydrolysis were: 6.5 pH value, 45 ℃ temperature, 7.03 % ratio of enzyme and substrate, 25.41 ratio of water and raw material, 4 h time, the predicted value at stationary point of reducing power(A700) was 0.465.