The natural diet of the spiny lobster (Panulirus echinatus) from the São Pedro and São Paulo Archipelago was determined by stomach contents analysis of sixty-eight adult lobsters collected during October 2002, March, July and August 2003. Food items were grouped by gross taxa representing 11 food categories. Analysis included a qualitative (Frequency of Occurrence of item i - FOi) and a quantitative method (Volume of item i - Vi). A Feed Index (FI = FOi x Vi / 100) proposed by Lauzanne (1975) was also used to indicate the importance of each food category (>50: dominant, 25-50: essential, 10-25: unimportant, <10: secondary). The most important food category determined by % FOi and % Vi, was fish, followed by crustaceans, green algae, calcareous algae, and rocks. The remaining food categories contributed to less than 30% of FOi and 10% of Vi. Although the Feed Index revealed no dominant food category in the diet of P. echinatus, fish was considered essential, crustaceans unimportant, and the remaining food categories were classified as secondary. According to the analysis, P. echinatus can be properly classified as an omnivorous and a generalist species, because it consumes a great diversity of organisms in several trophic levels. This species presents an opportunistic behaviour, feeding on the prey available at substratum. Future studies should address variations in natural diet related to sex, reproductive cycle, and seasonality.