Wheat plants grown in controlled growth chambers were exposed to drought stress (DS) and high temperature (HT) singly and in combination (DS+HT). The effects of these two stresses on net photosynthetic rate (P N ), stomatal conductance (g s ), intercellular CO 2 concentration (C i ), quantum efficiency of photosystem 2 (Ф PS2 ), variable to maximum chlorophyll (Chl) fluorescence (F v /F m ), photochemical (q p ) and non-photochemical (NPQ) Chl fluorescence, and yield were investigated. Grain yield was decreased by 21 % due to DS, while it was increased by 26 % due to HT. P N , g s , C i , and Chl fluorescence were dramatically reduced to DS, HT, and their interaction, except NPQ which showed an increase due to HT.Additional key words: grain yield; intercellular CO 2 concentration; quantum efficiency of photosystem 2; spikelet; stomatal conductance; yield.