Sheathed Woodtuft
Kuehneromyces mutabilis

Forests, parks, groves, raised bogs. From spring to late autumn.
Fruiting bodies small. Cap 3-5 (7) cm across, fading (hygrophanous), not scaly, brownish-yellow, ochre-yellow, yellowish-brown in the centre, honey-coloured, the margins paler. Young gills pale ochre, later greyish-brown, pinkish-brown, brown. Stem 5—7x0.5-0.5 cm, with an indistinct ring, greyish above it, dotted white, below it pinkish-brown, darkening evenly towards the base to dark brown, finely scaly-fibrous, as if roughened. Flesh yellowish, with a pleasant smell and taste. Characteristic features: cap fading, not scaly, yellowish-brown. Stem with a small ring. Grows most often in clumps on coniferous and deciduous stumps, windfalls, snags. Edible. A valuable mushroom, in some countries even cultivated artificially. Very common.