Abstract:The porcine red blood corpuscle were hydrolzed by alcalase, the protein hydrolysate was prepared. The functional properties including protein solubility,emulsifying activity index(EAI)and emulsion stability index (ESI),foaming capacity and foam stability of protein hydrolysate were analyzed .Its antioxidant activity was also studied. The result showed that the protein hydrolysate had high water solubility,water adsorption,water retention ,medium foam formation, low stability for emusifying property and foam keeping. The molecular weight of it was distributed mainly over 2000~3000 . The studies on its antioxidant showed that protein hydrolysate had eliminating capability on •OH radical ,DPPH•radical ,lipid peroxidation, and also had significant total antioxidant capacity and chelating ability on ferrous ions.