Reinvestigation of the NMR spectra of gymnemarsgenin by the selective INEPT and various two-dimensional NMR techniques (DQF-COSY, ROESY, HETCOR) led to the structural revision of gymnemarsgenin as 12 beta-O-cinnamoyl-20-O-benzoyl sarcostin. The H-1 and C-13 NMR spectra were completely assigned. It is apparent that the 12-cinnamoyl group migrated to C-20 under the mild alkaline conditions rendered for partial saponification.