New helium and oxygen isotope data and trace element concentrations are reported for volcanic rocks from central Iceland. Basalts that are depleted in the most incompatible trace elements possess a wide range in He-3/He-4 but most ratios are similar to or higher than those of mid-ocean ridge basalt (MORB:similar to 8R(A)[1] [D.W. Graham, Noble gas geochemistry of mid-ocean ridge and ocean island basalts: characterisation of mantle source reservoirs, in: D.P. Porcelli, C.J. Ballentine, R. Wieler (Eds.), Noble gases in Geochemistry and Cosmochemistry, Rev. Mineral. Geochem., vol. 47, 2002, pp. 247-317]). The low concentrations of helium in these rocks suggest that significant degassing has made them susceptible to contamination by low-He-3/He-4 crust, therefore all measured He-3/He-4 are considered minimum estimates for their sources. Elevated helium isotope ratios in the source of these rocks result from interaction with high-He-3/He-4 mantle. The highest oxygen isotope ratios in the depleted rocks are similar to those in melts from typical depleted upper mantle and the range of delta(18)O values is consistent with variable, limited amounts of contamination by Icelandic crust. Most of the incompatible trace element-enriched rocks possess He-3/He-4 ratios that are similar to or lower than those in MORB. These rocks were erupted close to the postulated centre of the Iceland plume. This observation contradicts models in which high-He-3/He-4 characterises the focus of mantle upwelling. A source with MORB-like He-3/He-4 ratios may also be common to other parts of the North Atlantic Igneous Province. The highest delta(18)O values in the enriched rocks are lower than those in MORB and do not appear to have been affected by interaction with low-delta(18)O Icelandic crust. Recycling of hydrothermally altered oceanic crust that has been subducted into the mantle provides a plausible mechanism for generating an O-18-poor source with the trace element and isotopic characteristics of the enriched lavas. (C) 2005 Elsevier B.V All rights reserved.