<正> Let X be a compact metric space and let Lip(X)be the Banach algebra of all scalar-valued Lipschitz functions on X,endowed with a natural norm.For each f ∈Lip(X),σπ(f)denotesthe peripheral spectrum of f.We state that any map Φ from Lip(X)onto Lip(Y)which preservesmultiplicatively the peripheral spectrum:σπ(Φ(f)Φ(g))=σπ(fg),∨f,g∈Lip(X)is a weighted composition operator of the form Φ(f)=Υ·(foΦ)for all f ∈ Lip(X),where Υ:Y→{-1,1}is a Lipschitz function andΦ:Y→X is a Lipschitz homeomorphism.As a consequence ofthis result,any multiplicatively spectrum-preserving surjective map between Lip(X)-algebras is of theform above.