Four structural types of cerrado vegetation were examined to test the following hypotheses: (1) there are predictable changes in woody plant density, species richness and life-history strategies from one structural type to another; and (2) plant species composition in the less-rich structural types represent particular and impoverished subsets of those found in the richer ones. The study was conducted at Fazenda Palmares (5°33′S, 42°37′W) Piauí State, Brazil. A 47% decrease in woody plant density between cerradão (forest) and the least-dense type of cerrado sensu stricto (scrub) was associated with a 40% decrease in species richness. The percentage of lower-layer species was reduced by 29% in the least dense type of cerrado sensu stricto compared to cerradão. The proportion of species that flower and fruit during the rainy season was also reduced by one third. Species were not distributed as impoverished subsets along the cerradão–cerrado sensu stricto gradient. It is argued that the reduction in woody plant density and richness is partly due to factors limiting the occurrence of species with particular life-history strategies. The species composition of structural types is affected by the ‘mass effect’ and also by surrounding biotas, which provide species that colonize particular types of cerrado vegetation. Both these processes reduce the likelihood that the species composition in the poorer structural types are simple subsets of those present in the richer types.