The first and second papers in this series 1 dealt with differences in stability constants and rates of oxygen uptake of metal complexes of the diastereomeric DL-and LL-leucyltyrosines. In this paper, magnetic, polarographic, pH and ion-exchange data are presented to show that the configuration of the red species obtained on oxygenation of cobalt complexes of the leucyltyrosines (LT) is the same as the corresponding glycylglycine complex. The postulated structure is : ((LT)~CO-(O~)(OH)-CO(LT)~)-~, with the oxygen and hydroxyl as the bridging groups. The complex formed with the DL-isomer is more stable than the LL-isomer. In the unbuffered range of pH 9 to 10, when oxygen is bubbled through a Co(I1)-leucyltyrosine mixture, the initial decrease in pH, accompanied by the formation of a brown colour, is more rapid for the LL-isomer than the DL-isomer of leucyltyrosine. The brown colour was then transformed to the red product, accompanied by a pH increase. It is postulated that the brown species has one more OH-per mole than the red species, and in the transformation, the OH-is reIeased causing an increase in pH.