Rice (Oryza sativa L.) is grown in many different agroecological zones and it assimilates CO 2 directly through C 3 photosynthesis. At current CO 2 partial pressure [p(CO 2 )], rice is not photosynthetically saturated but immediately after exposure to 100 p(CO 2 ), photosynthetic rates are increased by 48 percent on an average. However, this increase is not sustained during prolonged exposure and is associated with reduced amounts of ribulose-1-5-bisphospate carboxylase/oxygenase (Rubisco) content and its maximum potential activity (V cmax ). Rubisco content and V cmax were reduced by 33 and 22%, respectively, at elevated p(CO 2 ) and this has an additive effect on leaf photosynthesis.