The elephant fishCallorhynchus milii(Holocephalidae) has a pair of well‐developed otoliths corresponding (in relative position) to the astericus and sagitta in teleosts. Although the elephant fish apparently lacks a lapillus, there are a well‐developed set of cristae at the base of the semicircular canals. The cristae presumably serve the same balance function as the lapillus. The semicircular canal system also contains a well‐developed ductus endolymphaticus, filled with irregular calcium carbonate otoconia. A different type of oto‐conia are found fused together to form the two otoliths. This latter type of otoconia, a crenellated spherulite, is similar to those found aggregated in the otolith of the lungfishNeoceratodus forsteri, and found as loose otoconia in association with the sagitta in some species of teleosts.