We tested the hypothesis that the intracellular Ca2" overload of ventricular myocardium during the period of posthypoxic reoxygenation is mediated by transsarcolemmal Ca2" influx via Na + /Ca2+ exchange. In aequorin-loaded, ferret right ventricular papillary muscles, blockers of the sarcolemmal and the sarcoplasmic reticulum Ca2" channels, slowed the Ca?' transient, producing a convex ascent during membrane depolarization, followed by a concave descent during repolarization. The magnitude of the Ca, transient was affected by changes in the membrane potential, Nat, Na4, and Ca2+, and was blocked by Ni2+, or dichlorbenzamil. The calculated Na+/Ca2' exchange current was in the reverse mode (Ca2+ influx) during the ascending phase of the Ca2+ transient, and was abruptly switched to the forward mode (Ca2+ efflux) at repolarization, matching the time course of the CaF+ transient. During hypoxic superfusion, the Ca transient was abbreviated, which was associated with a shorter action potential duration. In contrast, immediately after reoxygenation, the Ca?' transient increased to a level greater than that of the control, even though the action potential remained abbreviated. This is the first demonstration on a beat-to-beat basis that, during reoxygenation, Ca2+ influx via Na+/Ca2+ exchange is augmented and transports a significant amount of Ca2+ into the ventricular myocardial cell. The activation of the exchanger at the time of reoxygenation appears to be mediated by Na+ accumulation, which occurs during hypoxia. (J. Clin. Invest. 1994.93:1275-1284