The photolysis of adenosylcobalamin (coenzyme B 12 ) results in homolytic cleavage of the Co-C5′ bond, forming cob(II)alamin and the 5′-deoxyadenosyl radical. In the presence of molecular oxygen, it has been proposed that the primary reaction is interception of the 5′-deoxyadenosyl radical by O 2 to form adenosine-5′-aldehyde as the product (Hogenkamp, H. P. C., Ladd, J. N., and Barker, H. A. (1962) J. Biol. Chem. 237, 1950-1952. 5′-Peroxyadenosine is here found to be the initial nucleoside product of this reaction and that it decomposes to adenosine-5′-aldehyde. Evidence indicates that 5′-peroxyadenosine arises from the hydrolysis of 5′-peroxyadenosylcobalamin, with the formation of cob(III)alamin. 5′-Peroxyadenosine undergoes further decomposition to adenosine-5′-aldehyde as the major final product of aerobic photolysis, as well as to adenosine and adenine as minor products. In a cobalamin-dependent process, 5′-peroxyadenosine becomes religated to cob(III)alamin to form 5′-peroxyadenosylcobalamin, which quickly decomposes to adenosine-5′-aldehyde and cob(III)alamin. This is supported by spectrophotometric observations of both rapidly photolyzed adenosylcobalamin and of the reaction of cob(III)alamin with excess 5′-peroxyadenosine. 5′-Peroxyadenosine also slowly undergoes cobalamin-independent decomposition to adenosine-5′-aldehyde and the minor products adenosine and adenine. The present study provides a detailed description of the products initially formed when aqueous, homolytically cleaved adenosylcobalamin reacts with molecular oxygen and of the behavior of those products subsequent to photolysis.Enzymes dependent upon the vitamin B 12 -coenzyme adenosylcobalamin 1 catalyze intriguingly diverse chemical reactions, including carbon-skeleton rearrangements, reductive heteroatom eliminations, and intramolecular 1,2-migrations of heteroatomic substituents; and they proceed by mechanisms involving organic free radicals as intermediates (1,2). Adenosylcobalamin incorporates a cobalt ion in an octahedral arrangement with the pyrroline and pyrrolidine groups of a corrin ring system making up the equatorial ligands, the nitrogen from a dimethylbenzimidazole moiety as the lower axial ligand, and a 5′-deoxadenosyl moiety forming a cobalt-carbon (Co-C5′) bond in the sixth, upper axial ligand position (3).The key to the function of adenosylcobalamin in enzymatic catalysis is the reversible homolytic scission of the Co-C5′ bond, generating cob(II)alamin and a transiently formed 5′- †