Tremella foliacea
Tremella foliacea
Tremella foliacea
Tremella foliacea
Tremella foliacea
This jelly fungus grows from fallen hardwood branches. As shown in
these images, this fungus is often found growing with parchment
fungi (
Stereum).  Tremella foliacea varies in color depending on age.  
Can be found year round under warm and wet conditions.
See Tremella foliacea at
MushroomExpert.Com
See Mushrooms of Northeast North
America
, Barron, 1999, p. 104.

Mushrooms Demystified, Arora, 1986,
p. 673.