To determine patterns of resource allocation among ascidians, we studied 16 colonial and solitary species. We measured investment in reproductive vs. structural material (tunic) both in terms of weight and caloric content, as well as fecundity and degree of larval complexity in the colonial species. Measurements in weight and caloric content were highly correlated in the species studied. A wide range of investment in reproduction was found. Tunic production was related to the growth form of the species, stolonic and solitary species investing less in tunic than massive species, but no significant relationship was found between investment in tunic production vs. reproduction. In colonial species we found that in species with small zooid size, the reproductive investment per zooid was significantly higher. There was a significant negative relationship between investment in reproduction and fecundity. We also found a significant relationship between reproductive investment and larval complexity. The overall trend was that species with low fecundity had large complex larvae and invested the most energy in reproduction.