A reagent composition comprising an ascotbate oxidase obtained from a strain belonging to the genus Eupenicillium which has a residual activity of at least 50% when stored at 37.degree. C. for one month in a buffer comprising 50 mM piperazine-N,N'-bis(2-ethanesulfonic acid (PIPES) (pH 6.5), 0.02M dehydroacetic acid and 1 mM ethylenediaminetetraacetic acid (EDTA) and catalyzes the reaction of L-ascorbic acid and molecular oxygen to form L-dehydroascorbic acid and hydrogen peroxide, and a carrier, excipient or diluent.