Fringetree (Chionanthus virginicus) is a member of the Oleaceae family. The plant grows in the central and southern United States as well as eastern Asia. Fringetree is also known as Old Man's Beard, Gray Beard Tree, and Snowdrop Tree. The dried root and tree bark can be used for medicinal purposes. Fringetree contains saponins and lignane glycosises (phillyrin or chioanthine). Fringetree has been used for a variety of medicinal purposes as well as in homeopathic remedies. Some ailments connected to Fringetree are liver and gallbladder conditions as well as ulcers.