The first estimate of the fish biodiversity of Shark Reef Marine Reserve (SRMR), Fiji, is provided with special emphasis on elasmobranchs. In 2004, nine elasmobranch species were regularly observed at the site. The most common were the bull shark Carcharhinus leucas and the grey reef shark Carcharhinus amblyrhynchos. During the fish count made in fall 2004 a total of 267 species of fishes were recorded at SRMR, including members of 37 families, the most diverse being that of the Labridae. SRMR could serve as a model to implement the local marine conservation efforts; this can only be achieved by the creation of an integrated management system taking into consideration all human activities and their impacts.