The publication of a new phase of research on the fishes of the Okavango drainage starts with this account which gives the valid names and broad distribution patterns of all species known from the system. Eighty species and subspecies are recognised, of which at least two (Parakneria fortuita Penrith; Serranochromis gracilis Greenwood) are endemic. Notes on early collections, synonymy, taxonomic status and distribution are given. New synonyms are recognized under Aplocheilichthys hutereaui (A. schalleri), Aplocheilichthys johnstoni (Haplochilus carlislei) and Ctenopoma multispinis (Ctenopoma machadoi) respectively. Recently published taxonomic changes are incorporated including two genera (Mesobola and Afromastacembelus), a species Serranochromis (Sargochromis) gracilis and the re-allocated Amphilius uranoscopus. The Zambezian Hemichromis species is re-identified as H. elongatus. A number of unresolved taxonomic problems are pointed out and certain dubious records are excluded from the checklist. The Okavango has a diverse fish fauna with tropical affinities. Many fish species are poorly studied. Man-induced threats to the continued natural functioning of this complex and dynamic system, especially large-scale water abstraction, overgrazing, deforestation and biocide spraying to eliminate tsetse fly, make it imperative that studies on the nature and role of the fishes are continued.