We evaluated the importance of dissolved organic matter as a vehicle for the movement of N and P from the canopy and the forest floor into the mineral soil of a deciduous forest. We also examined the origin and nature of dissolved organic matter from the forest floor to see whether it was simply soluble plant material or highly humidified matter. The average annual output from the forest floor in the form of dissolved organic matter was 18, 28, and 14% of the input in solid litterfall for C, N, and P, respectively. In throughfall, about half of the dissolved N and P was organic. But, in solution percolating from the forest floor, 94% of the N and 64% of the P was organic. Leaching from the forest floor was not a source of inorganic N and P for the mineral soil. Instead, the forest floor was a sink for the removal of these inorganic nutrients delivered in throughfall. Microbial immobilization was the most likely explanation for much of the inorganic nutrient removal. In contrast, the forest floor was an abundant contributor of N and P to the mineral soil in the form of dissolved, and possibly particulate, organic matter. Much of the dissolved organic matter entering the A horizon originated from the upper (Oa and Oe horizon) forest floor, but it was modified in several respects compared to the original soluble material. The solution percolating from the forest floor over most of the year was much richer in nitrogen, contained a much larger proportion of hydrophilic acids, and contained a much smaller proportion of carbohydrate—rich hydrophilic neutrals, than did the original water—extractable material in autumn litter. However, the fresh autumn litter did contain a similar proportion of soluble hydrophobic acids that resembled dissolved humic substances in several respects. Most of the flux of nitrogen from the forest floor to the A horizon was carried by humic substances and highly colored hydrophilic acids.