The zebrafish Danio rerio has become an important model organism for the study of vertebrate biology, being well suited for developmental and genetic studies. Large-scale genetic screens have identified hundreds of mutant phenotypes, many of which may serve as models of human disease (Warren and Fishman, 1998;Barut and Zon, 2000). However, studies focussing on the physiology of the developing zebrafish embryo or larvae are scarce, and our understanding of the basic physiology of D. rerio lags far behind our knowledge of the genetics (Burggren and Keller, 1997). Blood circulation in all vertebrates starts early in development, and the first heart beat is typically observed before the heart is completely differentiated (Pelster and Bemis, 1991). Despite this early onset of cardiac activity and blood circulation, the physiological function of blood convection has been questioned (Pelster and Burggren, 1996;Pelster, 1999). In small larvae such as zebrafish, diffusion of oxygen through the body surface alone appears to be sufficient to meet the metabolic needs of the animal (Territo and Burggren, 1998;Territo and Altimiras, 1998;Pelster, 1999;Gielen and Kranenbarg, 2002). This demonstrates that coupling between metabolism and convective oxygen transport is not yet established in the early larval stages, and Rombough (2002) suggests that ion-and osmoregulatory functions may require blood flow much earlier in development than metabolism.Hypoxic conditions are observed in the flowing and stagnant waters that are the natural environment of the tropical zebrafish. The coupling of convective oxygen transport and metabolic activity ensures sufficient oxygen supply to the cells and prevents oxygen shortages at the organ level. Accordingly, in adult animals hypoxia itself acts a stimulus and induces profound changes in cardiac activity and peripheral resistance, and even stimulates erythropoiesis. If this coupling is not yet established in early developmental stages, it could mean that hypoxia does not act as a stimulus in early developmental stages. In a recent study in zebrafish we were able to demonstrate that long before coupling between metabolic requirements and blood flow is established, environmental hypoxia can be sensed and induces stimulation of cardiac activity (Jacob et al., 2002). A reduction in the oxygencarrying capacity of the blood, however, had no effect on cardiac activity. Thus, hypoxia does exert a signaling effect,