Vezdaea cobria, a lichenized fungus grows on living or moribund gametophyte of various bryophytes, but also on algal fi lms and soil. Because of its extremely minute size V. cobria is an infrequently collected and probably overlooked species, which has hitherto been published only from the United Kingdom, the Czech Republic, Germany, France, and Alaska (USA). In this paper its fi rst observation is reported in Hungary from the Bakony and Bükk Mts, where it was collected on steep, N-facing, nearly vertical, leached banks. Key words: epibryophytic, goniocyst, lichen-forming fungi.