The Efimov effect is one of the most remarkable results in the spectral theory for three-body Schrödinger operators. Roughly speaking, the effect will be explained as follows: If all three two-body subsystems have no negative eigenvalues and if at least two of these two-body subsystems have resonance states at zero energy, then the three-body system under consideration has an infinite number of negative eigenvalues accumulating at zero. This remarkable spectral property was first discovered by Efimov  and the problem has been discussed in several physical journals. For related references, see, for example, the book . The mathematically rigorous proof of the result has been given by the works [4, 8, 9]. The aim of the present work is to study the asymptotic distribution of these negative eigenvalues below zero (bottom of essential spectrum). Denote by N(E), E > 0, the number of negative eigenvalues less than – E. Then the main result obtained here is, somewhat loosely stating, that N(E) behaves like | log E | as E → 0. We first formulate precisely the main theorem and then make a brief comment on the recent related result obtained by Sobolev .