The basis of inhibition of photosynthesis by single acute 03 exposures was investigated in vivo using analyses based on leaf gas exchange measurements. The fully expanded second leaves of wheat plants (Triticum aestivum L. cv Avalon) were fumigated with either 200 or 400 nanomoles per mole 03 for between 4 and 16 hours. This reduced significantly the light-saturated rate of CO2 uptake and was accompanied by a parallel decrease in stomatal conductance. However, the stomatal limitation, estimated from the relationship between CO2 uptake and the intemal CO2 concentration, only increased significantly during the first 8 hours of exposure to 400 nanomoles per mole 03; no significant increase occurred for any of the other treatments. Analysis of the response of CO2 uptake to the internal CO2 concentration implied that the predominant factor responsible for the reduction in lightsaturated CO2 uptake was a decrease in the efficiency of carboxylation. This was 58 and 21% of the control value after 16 hours at 200 and 400 nanomoles per mole 03, respectively. At saturating concentrations of C02, photosynthesis was inhibited by no more than 22% after 16 hours, indicating that the capacity for regeneration of ribulose bisphosphate was less susceptible to 03. Ozone fumigations also had a less pronounced effect on lightlimited photosynthesis. The maximum quantum yield of CO2 uptake and the quantum yield of oxygen evolution showed no significant decline after 16 hours with 200 nanomoles per mole 03, requiring 8 hours at 400 nanomoles per mole 03 before a significant reduction occurred. The photochemical efficiency of photosystem 11 estimated from the ratio of variable to maximum chlorophyll fluorescence and the atrazine-binding capacity of isolated thylakoids demonstrated that photochemical reactions were not responsible for the initial inhibition of CO2 uptake. The results suggest that the apparent carboxylation efficiency appears to be the initial cause of decline in photosynthesis in vivo following acute 03 fumigation.Ozone is widely recognized as a major air pollutant affecting crop yields ( 12