This thesis describes preparation and anti-inflammatory evaluation of certain naphtho[1,2-d]oxazole derivatives which possess the three-ring coplanar pharmacophore. The anti-inflammatory activities with respect to the structural modification on C-2 and C-5 of the naphtho[1,2-d]oxazole pharmacophore have been explored and the preliminary structure-activity relationships have been established. Among these naphtho[1,2-d]oxazole derivatives, compound 27a is the most active against lipopolysaccharide (LPS) induced NO production. Compound 27a is capable of inhibiting LPS-induced NO production completely at a concentration of 10 μM. Further structural optimization is on-going.