The kinetics of the E 2 f E 1 conformational change of unphosphorylated Na + ,K + -ATPase was investigated via the stopped-flow technique using the fluorescent label RH421 (pH 7.4, 24°C). The enzyme was pre-equilibrated in a solution containing 25 mM histidine and 0.1 mM EDTA to stabilize the E 2 conformation. When rabbit enzyme was mixed with 130 mM NaCl alone or with 130 mM NaCl and varying concentrations of Na 2 ATP simultaneously, a fluorescence decrease was observed. In the absence of ATP, the fluorescence decrease followed a biexponential time course, but at ATP concentrations after mixing of g50 µM, the fluorescence transient could be adequately fitted by a single exponential. On the basis of the agreement between theoretical simulations and experimental traces, we propose that in the absence of bound ATP the conformational transition occurs as a two step reversible process within a protein dimer, E 2 :E 2 f E 2 :E 1 f E 1 :E 1 . In the presence of 130 mM NaCl, the sum of the forward and backward rate constants for the E 2 :E 2 f E 2 :E 1 and E 2 :E 1 f E 1 :E 1 transitions were found to be 10.4 ((1.0) and 0.49 ((0.02) s -1 , respectively. At saturating concentrations of ATP, however, the transition occurs in a single reversible step with the sum of its forward and backward rate constants equal to 35.2 ((0.3) s -1 . It was found that ATP acting at a high affinity site (K d ≈ 0.25 µM), stimulated the reverse reaction, E 1 ATP f E 2 ATP, in addition to its known allosteric low affinity (K d ≈ 71 µM) stimulation of the forward reaction, E 2 ATP f E 1 ATP. Na + ,K + -ATPase 1 was the first ion pump to be discovered (1), and it is one of the most fundamentally important enzymes of animal physiology. The electrochemical potential gradient for Na + ions, which the enzyme maintains, is used as the driving force for numerous secondary transport systems. Examples include the Na + channels in the nerve, which allow the action potential to be produced, the Na + -glucose cotransporter, which is responsible for glucose uptake in intestinal cells, and the Na + /Ca 2+ exchanger in the heart, which plays an important role in muscle relaxation. Na + ,K + -ATPase, furthermore, contributes to the osmotic regulation of cell volume and is a major determinant of body temperature. For all of these functions, the enzyme derives its energy from the hydrolysis of ATP, which is coupled to Na + transport.For many years, it has been known that ATP also has an allosteric effect on the enzyme. Under physiological conditions, ATP binds to the E 2 (K + ) 2 conformation of the enzyme and accelerates the release of K + ions to the cytoplasm without undergoing any hydrolysis. This was first demonstrated by Karlish and Yates (2), who measured the rate of the E 2 f E 1 conformational transition, which occurs simultaneously with K + release, via the stopped-flow technique, utilizing the change in the enzyme's tryptophan fluorescence as the means of detection. This stimulation of the E 2 f E 1 transition by ATP has since been confirmed...