Stereo processing begins in the striate cortex and involves several extrastriate visual areas. We quantitatively analyzed the disparity-tuning characteristics of neurons in area V4 of awake, fixating monkeys. Approximately half of the analyzed V4 cells were tuned for horizontal binocular disparities embedded in dynamic random-dot stereograms (RDSs). Their response preferences were strongly biased for crossed disparities. To characterize the disparity-tuning profile, we fitted a Gabor function to the disparity-tuning data. The distribution of V4 cells showed a single dense cluster in a joint parameter space of the center and the phase parameters of the fitted Gabor function; most V4 neurons were maximally sensitive to fine stereoscopic depth increments near zero disparity. Comparing single-cell responses with background multiunit responses at the same sites showed that disparity-sensitive cells were clustered within V4 and that nearby cells possessed similar preferred disparities. Consistent with a recent report by Hegdé and Van Essen, the disparity tuning for an RDS drastically differed from that for a solid-figure stereogram (SFS). Disparity-tuning curves were generally broader for SFSs than for RDSs, and there was no correlation between the fitted Gabor functions' amplitudes, widths, or peaks for the two types of stereograms. The differences were partially attributable to shifts in the monocular images of an SFS. Our results suggest that the representation of stereoscopic depth in V4 is suited for detecting fine structural features protruding from a background. The representation is not generic and differs when the stimulus is broad-band noise or a solid figure.