In order to increase the output of Huperzine A by endophytic fungus SHB ( Penicillium chrysogenum) from Huperzia serrata (Lycopodium serratum), the liquid fermentation conditions was studied through single factors and or- thogonal experiment. The results showed that the most suitable liquid fermentation conditions of SHB to produce Huperzine A were 28 ℃, starting pH at 6.4, inoculation volume at 12% , strain seed instar at 48 h, 160 rpm to ferment for 8 d. Under these conditi...