The aquatic environment is well suited for the transmission of chemical inf
ormation. Aquatic animals have evolved highly sensitive receptors for detec
ting these cues. Here, I review behavioural evidence for the use of chemica
l cues by aquatic animals for the assessment of predation risk. Chemical cu
es are released during detection, attack, capture and ingestion of prey The
nature of the cue released depends on the stage of the predation sequence
in which cues are released. Predator odours, disturbance pheromones, injury
-released chemical cues and dietary cues all convey chemical information to
prey. Prey use these cues to minimize their probability of being taken on
to the nest stage of the sequence. The evolution of specialized epidermal a
larm substance cells in fishes in the superorder Ostariophysi represent an
amplification of this general phenomenon. These cells carry a significant m
etabolic cost. The cost is offset by the fitness benefit of the chemical at
traction of predators. Attempts of piracy by secondary predators interrupt
predation events allowing prey an opportunity for escape. In conclusion, ch
emical cues are widely used by aquatic prey for risk assessment and this ha
s resulted in the evolution of specialized structures among some taxa.