The electron transfer cascade from photosystem I to NADP ؉ was studied at physiological pH by flash-absorption spectroscopy in a Synechocystis PCC6803 reconstituted system comprised of purified photosystem I, ferredoxin, and ferredoxin-NADP ؉ reductase. Experiments were conducted with a 34-kDa ferredoxin-NADP ؉ reductase homologous to the chloroplast enzyme and a 38-kDa N-terminal extended form. Small differences in kinetic and catalytic properties were found for these two forms, although the largest one has a 3-fold decreased affinity for ferredoxin. The dissociation rate of reduced ferredoxin from photosystem I (800 s ؊1 ) and the redox potential of the first reduction of ferredoxin-NADP ؉ reductase (؊380 mV) were determined. In the absence of NADP ؉ , differential absorption spectra support the existence of a high affinity complex between oxidized ferredoxin and semireduced ferredoxin-NADP ؉ reductase. An effective rate of 140 -170 s ؊1 was also measured for the second reduction of ferredoxin-NADP ؉ reductase, this process having a rate constant similar to that of the first reduction. In the presence of NADP ؉ , the second-order rate constant for the first reduction of ferredoxin-NADP ؉ reductase was 20% slower than in its absence, in line with the existence of ternary complexes (ferredoxin-NADP ؉ reductase)-NADP ؉ -ferredoxin. A single catalytic turnover was monitored, with 50% NADP ؉ being reduced in 8 -10 ms using 1.6 M photosystem I. In conditions of multiple turnover, we determined initial rates of 360 -410 electrons per s and per ferredoxin-NADP ؉ reductase for the reoxidation of 3.5 M photoreduced ferredoxin. Identical rates were found with photosystem I lacking the PsaE subunit and wild type photosystem I. This suggests that, in contrast with previous proposals, the PsaE subunit is not involved in NADP ؉ photoreduction.