The effect of increased perceived risk of predation on the trajectory describing the daily gain in body mass of captive Greenfinches Carduelis chloris was tested. Theoretically, increased risk of predation is expected to shift the gain in body mass towards the latter part of the day and reduce body mass. The perceived risk of predation was increased with a stuffed flying hawk three times per day. Following each presentation of the predator, foraging stopped and the birds lost mass. When feeding resumed, the birds compensated for the mass loss by increasing the rate of body mass gain, in line with theoretical predictions. In the presence of the predator, the daily accumulation of body reserves was lower compared with risk-free situations. However, on the days following presentation of the hawk, when the birds were presumably aware of an increased risk of predation, Greenfinches did not exhibit the predicted change in reserve accumulation, but rather maintained their usual pattern of body mass gain.