Carbon monoxide dehydrogenase/acetyl-CoA synthase catalyzes acetyl-CoA synthesis from CO, CoA, and a methylated corrinoid iron-sulfur protein, which acts as a methyl donor. This reaction is the last step in the Wood-Ljungdahl pathway of anaerobic carbon fixation. The binding sequence for the three substrates has been debated for over a decade. Different binding orders imply different mechanisms (i.e. paramagnetic versus diamagnetic mechanisms). Ambiguity arises because CO and CoA can each undergo isotopic exchange with acetyl-CoA, suggesting that either of these two substrates could be the last to bind to the acetyl-CoA synthase active site. Furthermore, carbonylation, CoA binding, and methyl transfer can all occur in the absence of the other two substrates. Here, we report pulsechase studies, which unambiguously establish the order in which the three substrates bind. Although a CoA pulse is substantially diluted by excess CoA in the chase, isotope recovery of a pulse of labeled CO or methyl group is unaffected by the presence of excess unlabeled CO or methyl group in the chase. These results demonstrate that CoA is the last substrate to bind and that CO and the methyl group bind randomly as the first substrate in acetyl-CoA synthesis. Up to 100% of the methyl groups and CoA and up to 60 -70% of the CO employed in the pulse phase can be trapped in the product acetyl-CoA.There are three types of CO dehydrogenase (CODH) 2 (1, 2). These include a copper molybdopterin iron-sulfur protein that is present in aerobic bacteria and an NiFeS enzyme that is present in anaerobic microbes. These enzymes allow microbes to utilize CO at the low concentrations present in the atmosphere as a carbon and electron source. A third type of CODH is highly homologous to the monofunctional NiFeS enzyme and is found tightly associated with another NiFeS enzyme called acetyl-CoA synthase (ACS), forming the CODH⅐ACS complex.CODH⅐ACS is a macromolecular machine that catalyzes the last step of the Wood-Ljungdahl pathway of anaerobic carbon dioxide fixation (Reaction 1). The 300-kDa ␣ 2  2 heterotetramer is composed of two types of subunits. The 72-kDa -subunit is CODH, which catalyzes the reversible oxidation of CO to CO 2 (Reaction 2) at the C-cluster, a novel [NiFe 4 S 4 -5 ] cluster (3, 4), whereas the 82-kDa ␣-subunit is ACS, which catalyzes the condensation of three substrates, CoA, CO, and a methyl group from the methylated corrinoid iron-sulfur protein (CH 3 -CFeSP), to produce acetyl-CoA. Methylation of the CFeSP is accomplished by a methyltransferase (MeTr), which catalyzes the transfer of a methyl group from CH 3 -H 4 folate to the Co(I) state of the CFeSP, according to Reaction 3 (5). Although MeTr contains no metals or other cofactors, the CFeSP contains a corrinoid cofactor and a [Fe 4 S 4 ] cluster, which is involved in the reactivation of the cobalt center back to the 1ϩ state whenever it has undergone oxidation (approximately once in every 1000 catalytic cycles) (6, 7). The resulting CH 3 -CFeSP becomes the methyl donor to ...