A yeast belonging to Trichosporon which produces triglycerides extracellularly was isolated. This strain accumulated palmitoleic triglycerides from ethyl palmitate used as a sole carbon source. To increase the level of extracellular palmitoleic triglycerides, mutant strains which supported growth of unsaturated-fatty-acid-auxotrophic cells (Saccharomyces cerevisiae KD115) layered on the mutant colonies were screened. The mutant strain excreted palmitoleic acid as triglyceride form at a significantly high level, corresponding to about double level of the parental strain.