The stability and equilibrium unfolding of a model three-helix bundle protein, ␣ 3 -1, by guanidine hydrochloride (GdnHCl), hydrostatic pressure, and temperature have been investigated. The combined use of these denaturing agents allowed detection of two partially folded states of ␣ 3 -1, as monitored by circular dichroism, intrinsic fluorescence emission, and fluorescence of the hydrophobic probe bis-ANS (4,4-dianilino-1,1-binaphthyl-5,5-disulfonic acid). The overall free-energy change for complete unfolding of ␣ 3 -1, determined from GdnHCl unfolding data, is ؉4.6 kcal/mol. The native state is stabilized by ؊1.4 kcal/mol relative to a partially folded pressure-denatured intermediate (I 1 ). Cold denaturation at high pressure gives rise to a second partially (un)folded conformation (I 2 ), suggesting a significant contribution of hydrophobic interactions to the stability of ␣ 3 -1. The free energy of stabilization of the native-like state relative to I 2 is evaluated to be ؊2.5 kcal/mol. Bis-ANS binding to the pressure-and cold-denatured states indicates the existence of significant residual hydrophobic structure in the partially (un)folded states of ␣ 3 -1. The demonstration of folding intermediates of ␣ 3 -1 lends experimental support to a number of recent protein folding simulation studies of other three-helix bundle proteins that predicted the existence of such intermediates. The results are discussed in terms of the significance of de novo designed proteins for protein folding studies.Understanding the mechanisms by which a polypeptide adopts a stable and functional three-dimensional structure still represents a challenging problem (1). The folding of small proteins usually takes place on timescales close to a millisecond or less, and is believed to occur in a highly cooperative fashion without the presence of populated folding intermediates (2-8). However, recent simulation studies have suggested the existence of intermediate states during the folding of a small model three-helix bundle protein (9 -12). Three-helix bundles represent a simple folding motif found in a variety of soluble and membrane proteins, including spectrin (13) and the extramembranous portion of Staphylococcus aureus protein A (14). Using sequence patterns discovered in coiled coils, the synthesis of amphiphilic ␣-helices that self-assemble into three-or fourhelix bundles stabilized by a hydrophobic core has been successfully achieved (15-17). The de novo design of proteins represents a versatile tool to gain insight into the interplay of forces resulting in conformational stability. Artificial proteins are generally less complex than their native counterparts but at the same time retain the features responsible for the folding process.Recently, Johansson and co-workers (18) reported the synthesis and initial characterization of a native-like three-helix bundle protein, designated ␣ 3 -1. The three different helices of this 65-amino acid polypeptide are joined by (glycine) 4 linkers. NMR solution studies revealed a well structured conf...