The present investigation was undertaken to evaluate antiasthmatic activity of fruit extract of Phyllanthus emblica. Antiasthmatic activity of methanolic extract of fruits of P. emblica was evaluated in guinea pigs and rats. Bronchodilating activity of fruit extract was evaluated against 0.1% histamine aerosol induced bronchospasm in guinea pigs. Methanolic extract of P. emblica in dose of 200, 400 and 600 mg/kg were administered orally. Spasmolytic activity of fruit extract was studied against contraction induced by histamine (100μg/ml). The mast cell stabilizing activity of methanolic extract of P. emblica fruits (2, 4 and 6mg/ml) and antianaphylactic activity of methanolic extract of P. emblica fruits (200, 400 and 600mg/kg) were investigated against compound 48/80-induced mast cell degranulation and egg induced anaphylaxis in rats, respectively. Anti-inflammatory activity of methanolic extract of P. emblica fruits (200, 400 and 600mg/kg) was investigated against carageenan induced paw edema in rats. Treatment with methanolic extract of P. emblica showed significant (**P<0.01) protection against histamine aerosol induced bronchospasm in guinea pigs. Methanolic extract of P. emblica fruits dose dependently protected the mast cell degranulation induced by compound 48/80. Significant inhibition (*P<0. 05, **P<0. 01) of egg albumin sensitized paw edema was observed and carageenan induced paw edema was observed by administration of methanolic extract of P. emblica as compared to control. Histamine induced contraction of guinea pig ileum was significantly inhibited (**P<0. 01, ***P<0. 001) by fruit extract of P. emblica. All these results suggest that methanolic extract of P. emblica fruits has not only bronchodilating activity but also mast cell stabilizing activity, antianaphylatic activity & anti-inflammatory activity, which could be helpful in preventing asthmatic attacks.