Let A be a finite-dimensional k-algebra over algebraically closed field k a
nd mod A be the category of finite-dimensional left A-modules. We show that
a module M in mod A degenerates to another module N in mod A if and only i
f there is an exact sequence 0 --> N --> M + Z --> Z --> 0 in mod A for som
e A-module Z. Moreover, we give a description of minimal degenerations of f
inite-dimensional A-modules.