From the commercial extract of the leaves of Stevia rebaudiana, a diterpene glycoside was isolated which was identified as 13-[(2-O-β-D-glucopyranosyl-3-O-β-D-glucopyranosyl-β-Dglucopyranosyl) oxy] ent-kaur-16-en-19-oic acid-(2-O-β-D-glucopyranosyl-β-D-glucopyranosyl) ester (1); also known as rebaudioside D. The complete 1H and 13C NMR assignment of rebaudioside D was achieved by the extensive NMR ( 1H and 13C, COSY, HSQC, HMBC) and mass spectral data. Further, hydrolysis studies were performed on rebaudioside D using various acid, base and enzymatic studies to identify partial degradation products, aglycone and sugar residues.