A method for determining the kinetic fate of structured disulfide species (i.e., whether they are preferentially oxidized or reshuffle back to an unstructured disulfide species) is introduced. The method relies on the sensitivity of unstructured disulfide species to low concentrations of reducing agents. Because a structured des species that preferentially reshuffles generally first rearranges to an unstructured species, a small concentration of reduced DTT (e.g., 260 M) suffices to distinguish on-pathway intermediates from dead-end species. We apply this method to the oxidative folding of bovine pancreatic ribonuclease A (RNase A) and show that des [40 -95] O xidative folding is the composite process by which a protein recovers both its native disulfide bonds (disulfide-bond regeneration) and its native structure (conformational folding). The course of oxidative folding is affected by three general structural factors that have been identified from in vitro oxidative folding studies and model systems, namely, the proximity, reactivity, and accessibility of the disulfide bonds and thiol groups. The proximity of two reactive groups (defined as their effective intramolecular concentration) is determined by the propensity of the backbone to bring the two groups into juxtaposition; in unfolded species, this proximity is largely determined by the loop entropy, although enthalpic interactions may contribute significantly as well. The reactivity of two reactive groups depends on the fact that most disulfide reactions occur through thiol͞ disulfide exchange and that only the thiolate (not the thiol) form is reactive; hence, changes in the local electrostatic environment may affect the rate of disulfide-bond reactions. However, the most critical factor seems to be the accessibility of the thiol groups and disulfide bonds (1). Thiol͞disulfide exchange reactions can occur only when a thiol and a disulfide bond come into contact; hence, burial of the disulfide bond or the thiol prevents their contact and blocks the reaction.Accordingly, the formation of stable tertiary structure that protects the native disulfide bonds is a key event in the oxidative folding of proteins, because it stabilizes such bonds by making them inaccessible to the redox reagent and protein thiols. Indeed, the rate of intramolecular disulfide reshuffling is sufficiently high so that no native disulfide bond would survive much longer than a few minutes in an unstructured disulfide intermediate with a free thiol group unless it is buried in protective tertiary structure (2). Thus, the rate-determining step in oxidative folding is often the formation of a disulfide intermediate with stable tertiary structure (1-5).However, the structural protection of the thiol groups is just as important as the protection of the disulfide bonds in reaching the transition state of oxidative folding. The burial of both thiol groups and disulfide bonds hinders any further progress in oxidative folding, because all of the reactive groups have been sequestered from the redo...