Abstract. Photosynthetic performance was examined in Skeletonema costatum (Greville) Cleve. under 12:12-h light:dark (LD) cycle at ambient CO 2 (350 µ L L -1 ) and elevated CO 2 (1000 µ L L -1). At ambient CO 2 , the cellular chlorophyll a content, the light-saturated photosynthetic rate ( P m ), the initial slope of the light saturation curves ( α ), the photochemical efficiency of PSII ( F v / F m ), the apparent carboxylating efficiency (ACE) and the photosynthetic affinity for CO 2 [1/ K m (CO 2 )] all showed rhythmical changes with different amplitudes during the light period. The P m had similar changing pattern in the light period with the ACE and 1/ K m (CO 2 ) rather than with the α and F v / F m , indicating that rhythmical changes of photosynthetic capacity may be mainly controlled by the activity of C-reduction associated with CO 2 uptake during the light period. The CO 2 enrichment reduced the ACE and the affinity to CO 2 , and increased the α , cellular chlorophyll a content and P m based on cell number. By contrast, the changing patterns of all photosynthetic parameters examined here during the light period had almost the same for cells grown at ambient CO 2 and elevated CO 2 , suggesting that the photosynthetic rhythms of S. costatum are not affected by CO 2 enrichment.Keywords : apparent carboxylating efficiency, efficiency of the light reaction, photochemical efficiency of PSII, photosynthetic capacity, photosynthetic CO 2 affinity.