Microcystins (MCs) produced from cyanobacteria can accumulate in freshwater fish tissues. In this study, variations in these toxins content were examined monthly in water samples and two species of fish in Lake Oubeira, Algeria, from April 2010 to March 2011. During the study period, MCs were analyzed using protein phosphatase type 2A (PP2A) inhibition assay. In lake water, total (dissolved and intracellular toxins) MC concentrations by PP2A ranged from 0.028 to 13.4 μg equivalent MC-LR/l, with a peak in September 2010. MC-LR was the dominant variant (90 % of the total) in water samples, followed by MC-YR and MC-(H4)YR. The highest MC concentration in the omnivorous common carp (Cyprinus carpio) was found in the order intestine > hepatopancreas > muscle; however, in the carnivorous European eel (Anguilla anguilla) the order was liver > intestine > muscle. Highest MC concentrations in the intestine tissue of the common carp were found between August and November 2010 where high MC concentrations were detected in water samples, whereas high levels of MCs in the liver of the European eel were found later between January and February 2011. During the entire period of study, the World Health Organization (WHO) lifetime limit for tolerable daily intake was exceeded only in common carp muscle.