The first moult took place after five days, the larvæ being 1.4 centimeters in length. Only unimportant changes of marking are connected therewith. The subdorsal line loses much in thickness and definition, and the first and last of the oblique stripes become considerably broader than the intermediate ones (Fig. 57). The green ground colour and also the stripes acquire a yellowish hue. On the other hand, there occur changes in form. The head, which was at first rounded, becomes of the characteristic triangular shape, with the apex upwards, common to all the species of the genus, and at the same time acquires two white lines, which unite above at the apex of the angle. The shagreening of the skin now also takes place, and the red spot at the base of the horn is formed. There appears to be at this stage a general tendency for the suffusion of red, the thoracic legs also becoming of this colour. _Third Stage._ The second moult occurs after six or eight days, the marking only changing to the extent of the subdorsal line becoming still more indistinct. This line can now only be distinctly recognized on the three front segments in a few individuals, whilst in the majority it is completely absent. Sometimes the ferruginous red spots on the oblique stripes now appear, but this character is not completely developed till the fifth stage. Out of about ninety bred specimens in which I followed the entire development, only one possessed such spots, and these were situated on both sides of the sixth segment. _Fourth Stage._ The third moult, which takes place after another period of six days, is not associated with any change of marking. In this stage also I observed in one specimen (not the one just mentioned) the ferruginous spots, and again only on the sixth segment. On account of the theoretical conclusions which may be drawn from this localization of the spots--supposing it to be of general occurrence--it becomes of importance to institute observations with different broods, so as to investigate their first appearance, frequency, and local limitation. It appears to me very probable that, with respect to frequency and time of appearance, there would be great differences, since, in the last stage, it is just this character which shows a great variability. It would be more remarkable if it should be established that the first appearance of the spots was always limited to a certain segment; and there would then be a great analogy with the first appearance of the eye-spots in _Chærocampa_ and the ring-spots in _Deilephila_. _Fifth Stage._