Graphite oxide (GO) and its derivatives have been studied using C-13 and H-1 NMR. NMR spectra of GO derivatives confirm the assignment of the 70 ppm line to C-OH groups and allow us to propose a new structural model for GO. Thus we assign the 60 ppm line to epoxide groups (1,2-ethers) and not to 1,3-ethers, as suggested earlier, and the 130 ppm line to aromatic entities and conjugated double bonds. GO contains two kinds of regions : aromatic regions with unoxidized benzene rings and regions with aliphatic six-membered rings. The relative size of the two regions depends on the degree of oxidation. The carbon grid is nearly flat; only the carbons attached to OH groups have a slightly distorted tetrahedral configuration, resulting in some wrinkling of the layers : The formation of phenol (or aromatic diol) groups during deoxygenation indicates that the epoxide and the C-OH groups are very close to one another. The distribution of functional groups in every oxidized aromatic ring need not be identical, and both the oxidized rings and aromatic entities are distributed randomly.