The life cycle of a brackish-water population of Palaemonetes argentinus, a normally freshwater shrimp from the warm temperateregion of eastern South America, was studied in Mar Chiquita coastal lagoon, Argentina. In 1995, recruitment took placein January, followed by two growth periods, the first at the beginning of summer and the second from the end of winter throughmost of spring. Females reached a larger size than males. Ovigerous females, probably belonging to two cohorts, were foundfrom October 1995 to February 1996, with a maximum number in November (93 %). Their average size and fecundity varied duringthe breeding period. The sex ratio did not significantly differ from 1:1 except in November. Evidence of mature oocytes inthe ovaries was found in ovigerous and postovigerous shrimps, suggesting that they breed twice a year. However, only some femalesof the first cohort produced a second hatch in 1995. The maximum number of undifferentiated embryos carried by a femalewas 250; there was a positive relationship between fecundity and size. Larvae were collected together with adults from Novemberto March. The life history is similar to that described in several freshwater populations. Differences are restricted to chronologicalaspects such as a shorter unimodal breeding period and are probably related to climatic factors, since Mar Chiquita is nearthe southern limit of the geographic range of the species. Data presented here suggest interannual variations in reproductive patternsthat lead, sometimes, to a longer bimodal breeding period.