Put pancake mix into large shallow bowl. Add oysters, a few at a time and toss lightly until well coated. Shake off excess breading in wire basket. Fry in deep fat at 350 degrees until golden brown, 1 ½ to 2 minutes. Drain on paper towel.
Repeat process until all oysters are cooked. Salt lightly and serve with cocktail or tartar sauce. Makes 4 servings, about 8 oysters each.