The strength of the applied electric field, the thickness of the slab being electrified, the time of electrification and the low temperature holding time before removing the field were varied for carnauba wax electrets. After approximately one hour the discharge current varied inversely as a power of the time since turning off the forming field, the power being close to one. The magnitude of this current depended on both the forming field strength and on the thickness of the electret. A very large discharge was obtained when the wax was electrified and discharged while not completely solid. Dielectric constant measurements were made at temperatures between 27°C and 86°C, frequencies between 50 cps and 13 kc, and with superposed dc field strengths in the wax of zero, 3700 and 8100 volts per cm. The application of dc field was found to raise the dielectric constant at the higher temperatures. The case for permanent dipole orientation and that for ionic space charges as the cause of the stored charge of the electret is examined, and it is shown that there are objections to each mechanism. An alternate explanation is suggested.