The equilibrium folding of the catalytic domain of Bacillus subtilis RNase P RNA is investigated by single-molecule fluorescence resonance energy transfer (FRET). Previous ensemble studies of this 255-nucleotide ribozyme described the equilibrium folding with two transitions, U-to-I eq-to-N, and focused on the Ieq-to-N transition. The present study focuses on the U-to-I eq transition. T he relationship between primary sequence and 3D structure is a fundamental issue in macromolecular folding (1, 2). Compared with the two-state folding behavior generally seen with small proteins (3, 4), RNA folding often involves metastable intermediates (5-9). This difference is attributed, in part, to the weakness of the protein interactions relative to the nucleic acid interactions, such as base pairing and stacking. Therefore, the free energy landscape for RNA folding is punctuated with deeper basins with populated folding intermediates (10-12). These intermediates can be populated under equilibrium, governed by thermodynamic (solvent and temperature) conditions, or transiently populated during nonequilibrium folding (13).The catalytic domain (C-domain) of Bacillus subtilis P RNA is a good model system to address RNA folding because it folds without kinetic traps and is large enough to exhibit the folding phenomenology of large RNAs (14). A minimalist folding pathway, derived from ensemble experiments performed as a function of Mg 2ϩ concentration, includes an unfolded state (U), a populated intermediate state (I eq ), and a native state (N). I eq is the thermodynamic reference state that establishes the stability of N; it represents the most populated species preceding N. The U-to-I eq transition, occurring at Mg 2ϩ concentrations Ϸ10-fold lower than that required for the I eq -to-N transition, has been proposed to consist of multiple transitions that were not resolved in ensemble measurements (14). Elucidation of the structural and dynamic characteristics of these intermediates is crucial for understanding the folding of large RNA in general.Single-molecule measurements look beyond ensemble averages to obtain novel and complementary information, as first demonstrated for ion channels (15). With rapidly advancing fluorescence detection and microscopy capabilities, single-molecule studies are expanding to address questions related to structure and function in many biological systems, including enzymes (16), molecular motors (17, 18), transcription (19,20), and protein and RNA dynamics (21-24). Fluorescence resonance energy transfer (FRET) measurements have been used to track the conformational changes of single RNA or protein molecules, identify intermediates in RNA folding, and examine RNA-protein interactions (25)(26)(27)(28)(29).The objective of the present single-molecule FRET study is to further elucidate the U-to-I eq transition in the equilibrium folding of the C-domain of P RNA. Folding intermediates are revealed by investigating the single-molecule FRET efficiency (E FRET ) distributions as a function of Mg 2ϩ concen...