The cycle of the seminiferous epithelium of the llama was divided into eight stages, using as criteria the shape and distribution of the germ cell nuclei, the location of the spermatids, the presence of meiotic figures and the release of spermatozoa from the tubular wall. Cell populations making up each stage are described. The relative frequencies of stages 1 through 8 were: 9.86, 12.46, 17.65, 14.12, 5.81, 8.09, 13.04 and 18.89%, respectively. In the seminiferous epithelium, spermatogonia of the A and B type are present and twelve spermiogenic steps can be recognized. Interstitial (Leydig) cells are packaged together forming large masses and elongated cords and share the intertubular space with one or two central great lymphatic vessels and few capillaries. Season male Leydig cells contain lipid droplets in their cytoplasm and show a marked immunoreactive testosterone reaction.