The early pulmonary lesion which we have described, we have called acute serous pneumonia and acute hemorrhagic pneumonia (or we might speak of it as an acute sero-hemorrhagic pneumonia) and is one which is distinctive for epidemic influenza. The cut surface of a lobe involved in this reaction is wet, glassy, meaty and oozes much blood-stained fluid. It contains no visible fibrin and presents no characters of a “cellular consolidation.” As a serous inflammation of the lung it is unique. The further remarkable character to the pulmonary lesion is that in advancing through the other stages, it never passes through a stage of “red hepatization.” Here again we have a distinctive difference from the pneumococcus-pneumonia. From what we have previously said about the nature of this early acute inflammation of the lung in this disease it is apparent that red hepatization has no place in its process. The stage of red hepatization is attained only when the inflammatory reaction is accompanied by certain constituents in the exudate, which upon coagulation (separation out of the fibrin) renders the lobe dry and solid, while there is a sufficient abundance of red blood cells and congestion to maintain a dark red color. The hepatized lung on section is dry, more or less granular, containing fibrin, red cells and leucocytes within the alveoli. Extensive œdema is unusual except in the cases of hypostatic pneumonia, which in well marked cases bears some resemblance to the gross appearance of the early influenza pneumonia. We have not encountered a single case of the red meaty lung of influenza which showed evidence of true red hepatization in the gross.