The authors studied the effects of calving time, season and time elapsed after calving on milk production of the Holstein Friesian Breed of the "Escola Superior de Agricultura "Luiz de Queiroz" (Piracicaba, Brasil), 180 lactation periods of 300 days were studied, with 15 calvings in each month. Statistical analysis of the data proved : 1. That calving in May, June, July or August, that is, in the driest months, the cows give a milk production 17,3% larger than calving in December, January, February, March or April. August is the best month for calving, and February is the worst. 2. Spring is the most favorable, and Autumn the most unfavorable season for milk production. 3. The decrease of milk production during the lactation period depends largely on calving time. But, on the whole, linear regression can be used as a good aproximation, with a correlation coefficient r = - 0,9926 and a monthly decrease, per month elapsed after calving, of 8,06 percent of the general mean. 4. Diagram 1 shows the effects of calving month on milk production. The limits of 5%, 1% and l%o of probabilities are given there.