Disguise, ambiguity, deception and love lie at the heart of Shakespeare's great pastoral comedy, served up with large helpings of wit, rhetoric and innuendo. Oxford Triptych Theatre brings all these ingredients together in a production that shimmers with energy and humour. Director Simon Tavener's decision to give the piece a modern setting may meet with some disapproval, especially as he has sacrificed the traditional songs in favour of music by Poulenc, which he feels better captures what he describes in the programme as "the playful nature of the text". But don't let that put you off; this is a glorious, fast-paced romp.

Duke Frederick has usurped the dominions of his elder brother, who is living in exile in the Forest of Arden. When Frederick banishes the exiled duke's daughter, Rosalind, she too flees to Arden, disguised as a youth, Ganymede, to avoid detection. When Orlando, the man she loves, also wanders into the forest, she uses her disguise to test his feelings for her.

For a successful As You Like It you need an exceptional Rosalind - and this production has exactly that in Lakshmi Krishnan (pictured, with Will Spray's Orlando), a naturally talented actress bursting with presence and personality. Ms Krishnan takes Shakespeare's words and makes them her own, uttering every line with intelligence and conviction. David Cochrane's Touchstone is an equally fine piece of character acting; Touchstone has been called Shakespeare's least amusing jester, but in Cochrane's hands he raises plenty of laughs.

There are strong performances, too, from Simon Tavener as Jaques, Jonathan Webb as the banished duke (and also as Charles the wrestler and the shepherd Corin), Alice Fearn as Phebe (and also as Amiens and Le Beau) and Meriel Patrick as Audrey, the country wench who marries Touchstone.

This is a straightforward, unpretentious and eloquent production that focuses with clarity upon the play's main themes. It continues at the OFS until Saturday; box office 01865 297170.