There is a lack of experimental structural information about folding intermediates of multidomain proteins. Tick carboxypeptidase inhibitor (TCI) is a small, disulfide-rich protein consisting of two domains that fold and unfold autonomously through the formation of two major intermediates, IIIa and IIIb. Each intermediate contains three native disulfide bonds in one domain and six free cysteines in the other domain. Here we have determined the NMR structures of these two intermediates trapped and isolated at acidic pH in which they are stable and compared their structures with that of the native protein analyzed under the same conditions. Both IIIa and IIIb were found to contain a folded region that corresponds to the N-and C-terminal domains of TCI, respectively, with structures very similar to the corresponding regions of the native protein. The remainder of the polypeptide chains of the intermediates was shown to be unfolded in a random coil conformation. Solvent exchange measurements further indicated that the two protein domains are not completely independent, but affect each other in terms of dynamics and stability, in agreement with reported inhibitory activity data. The derived results provide structural evidence for symmetric TCI folding and unfolding mechanisms that converge in IIIa and IIIb and reveal the structural basis that accounts for the strong and simultaneous accumulation of both intermediates. Altogether, this work has important implications for a better understanding of the folding mechanisms of multidomain, disulfide-rich proteins.Understanding the sequence of folding events that lead to a biologically active protein from its amino acid sequence is one of the major challenges in structural and molecular biology. The initial theoretical efforts devoted to the study of protein folding have been reinforced in the last several years by the discovery of a wide range of pathological diseases associated with protein misfolding and the increasing pharmacological interest in protein drug design (1, 2). The structural characterization of partially folded intermediates and the analysis of the interactions that stabilize them are of fundamental importance to unveil the folding mechanisms (3, 4). But these studies are hampered by the rapid and cooperative nature of protein folding, and therefore, the short half-life of the intermediates arising during the folding reaction. It is however possible to trap and isolate discrete intermediates from the oxidative folding of disulfide-rich proteins because of the particular chemistry of disulfide bond formation that takes place as an integral part of disulfide folding (5, 6).A large set of single domain, disulfide-rich proteins has been investigated to date in terms of oxidative folding; among them, outstanding examples such as bovine pancreatic trypsin inhibitor (BPTI), 5 ribonuclease A (RNase A), hirudin, insulin-like growth factor-1 (IGF-1), or conotoxins (7-11). These folding studies have involved the trapping (either by acidification or alkylation), isolat...