In yellowtail rockfish (Sebastes fiavidus), lipids that accumulated in mesenteries and liver during the summer and early fall upwelling were subsequently translocated to developing ovaries during late fall and winter. Tissue and serum lipids were assessed by stage of ovary maturation from fish collected monthly over six annual reproductive cycles (1985–91) from Cordell Bank, a seamount off central California. Lipids were primarily transported to ovaries prior to fertilization. Energetic lipids (triglycerides, nonesterified fatty acids) were maximal in serum during yolk accumulation stages and declined significantly during embryonic stages. Between fertilization and parturition, lipid and protein content of ovaries declined by about 21%, a value approaching the minimum for lecithotrophy (i.e. ovoviviparity). During gestation, however, serum phospholipids and calcium (vitellogenin surrogate) were significantly elevated relative to male levels, suggesting matrotrophic contributions. A reproductive mode that is primarily lecithotrophic but supplemented by maternal inputs during embryogenesis would be beneficial to viviparous fishes of the California coast. This strategy may optimize reproduction by coupling the disparate times of food abundance and gestation, yet allow for provision of nutrients late in the reproductive cycle should they be available.