Atlantic cod (Gadus morhua) were fed with dry feed, in sea net pens from May 2003 to September 2004, under natural conditions occurring in Northern Norway, with a sea temperature varying from 3.3 ° to 16.6 °C. The fish was either fed five times or three times a week, once a day to saturation until December 2003, and after that five times or twice a week, once a day to saturation until September 2004. Fish fed five times a week had a higher FCR 1.47 compared with 1.35 for fish fed three to twice a week for the entire period. No significant differences were found in growth or chemical composition in the cod due to the feeding intervals. The best growth of the fish was in the first summer from May to September 2003 with a specific growth rate (SGR) of 0.81% per day. From June to September 2004, the SGR was 0.42% per day. From December to May, the SGR was negligible caused by low-water temperature, darkness, and sexual maturation. The liver index increased from 7% to a maximum of 16% during the growth period except during the sexual maturation period from November to April, where it shows a slight decrease. Maturation and seasonal variation are the factors having the largest influence on the growth and chemical composition of the cod.