This study was carried out to evaluate the spatial variation of the native species naturally regenerating in Eucalyptus saligna stand understory. This stand which is located at Escola Superior de Agricultura "Luiz de Queiroz", Universidade de São Paulo (Itatinga Experimental Station, Forest Sciences Department), has been managed through lopping system for fifty years. The Itatinga Experimental Station, with an area of 675 hectares, is located on the physiographic region named São Paulo West plateau. This region is characterized by monoculture plantations of exotic tree species, mainly Eucalyptus sp and Pinus sp, besides representative remnants of natural forest formations like semideciduos seasonal forest, riparian forest and savannah (Cerradão e Cerrado) with different dis turbance degrees. The experimental area encompasses two sites separated from each other around 250 m, differing 30 m in altitude. These two sites are different mainly in phytophysionomy, land slope and soil fertility and soil hydric retention capacity. Eight permanent plots of 625 m2 in each site (LVA and LV) were randomly sampled. The woody species individuals with height equal or bigger than 1,5 m and the Eucalyptus saligna coppicings were surveyed in each plot. On the LVA site, with an average basal area of Eucalyptus coppicings of 6,12 m2/ha, 92 individuals were sampled, distributed in 24 species and the most important ones were Pouteria torta, Didymopanax vinosum, Ouratea spectabilis, Piptocarpha rotundifolia, Pouteria ramiflora and Anadenanthera falcata. On the LV site, 991 individuals were sampled, distributed in 90 species and the most important ones were Copaifera langsdorffii, Psychotria sessilis, Pithecolobium incuriale, Myrcia rostrata and Actinostemum communis. A total of 107 species were identified and 7 species were common to both sites, distributed into 72 genera and 34 families. The Shannon-Wiener (H ́) diversity indexes obtained for LVA and LV site were respectively 2.51 and 3.75. Although both studied sites were close to each other, the differences related to the abundance of the sampled individuals and the number of species were significant. Based upon the results it is possible to conclude that the quantitative and qualitative variations of the natural regeneration between the two sites depend mainly on the soil humidity and fertility. The Eucalyptus saligna influence occurs mainly on site LV due to the different microclimate conditions promoted by the uneven canopy, generating different conditions of shading, soil and air humidity, allowing the growth of species of different successional stages. At the LVA site, were the Eucalyptus saligna coppicing were at a smaller density and size, promoting a smaller variation at the microclimatic conditions, we may conclude that the influence at the natural regeneration was also smaller.