This paper describes the lexical database tool LOLA (Linguistic-Oriented Lexical database Approach) which has been developed for the construction and maintenance of lexicons for the machine translation system LMT. First, the requirements such a tool should meet are discussed, then LMT and the lexical information it requires, and some issues concerning vocabulary acquisition are presented. Afterwards the architecture and the components of the LOLA system are described and it is shown how we tried to meet the requirements worked out earlier. Although LOLA originally has been designed and implemented for the German-English LMT prototype, it aimed from the beginning at a representation of lexical data that can be reused for other LMT or MT prototypes or even other NLP applications. A special point of discussion will therefore be the adaptability of the tool and its components as well as the reusability of the lexical data stored in the database for the lexicon development for LMT or for other applications.