This work proposed to investigate changes in the photosynthetic behavior during the leaf ontogeny of the during the leaf development. Up to the 32nd day of leaf age (stage B2), the net photosynthesis was negative due to the inefficiency of the photosynthetic system, and this fact was justified by the following factors: low chlorophyll content, less stomatal conductance, high rubber tree clones PB 235, RRIM 600 and GT 1, in Lavras, MG. The experiment was performed in 2004, between May and July, under field conditions, at the Universidade Federal de Lavras. During the leaf ontogeny, the following characteristics were evaluated: chlorophyll content, gaseous exchanges and chlorophyll fluorescence. The clones presented similar profiles of alterations in the physiological characteristics internal CO2 levels and low chlorophyll fluorescence. From the 37th day of leaf age, net photosynthesis became positive and gradually higher, stimulated by the increases in the chlorophyll contents, photochemical efficiency of photosystem II, carboxylation efficiency, stomatal conductance, transpiration and water use efficiency. Among the clones, photosynthetic behavior was similar, reaching maximum performance on the 57th day of leaf age (stage D), when clone RRIM 600 showed the highest net photosynthesis, differing from the clones PB 235 and GT 1.