The levels of ribulose 1,5-bisphosphate (RuBP), 3-phosphoglyceric acid (PGA), glycolate, glycine, and serine were measured in soybean leaflets during photosynthesis in atmospheres ranging from 1 to 60% 02 and from 0 to 500 microliters per liter CO2.The RuBP level remained constant as CO2 concentration was decreased in atmospheres containing 20 or 60% 02, but increased as CO2 concentration was decreased in atmospheres containing 1% 02. PGA on RuBP carboxylase has been used to explain the direct inhibition of CO., fixation by 02 (20,26). Although the competitive effect of CO) on the oxygenation reaction and, therefore, on glycolate production is well known at CO2 concentrations near or above 1,000 1l/I (2, 35), the extent of labeling in glycolate pathway intermediates (27, 34), the rate of carbon flux through the pathway (24), and the photorespiration rate (23) Intact leaves apparently import carbon into the Calvin cycle and subsequently into the glycolate pathway during photosynthesis in O2 at low CO2 concentration. The specific radioactivity of evolved CO2 (23) and of some glycolate pathway intermediates (24) remains less than that of the fed "CO2 at air levels of 02 and CO2 concentrations below 400 M1/1. If all photorespiratory CO2 arises from the glycolate pathway, this result is most simply explained by a flux of stored carbohydrate into the Calvin cycle and glycolate pathway during photorespiratory CO2 loss (23). Loss of 14C from sucrose-and starch-containing fractions during illumination of C3 leaves in C02-free 02 has also been shown (21), and the specific activity of CO2 evolved into C02-free air after periods of 14CO2 fixation declines more rapidly than the rate of CO2 evolution (7,17). Chloroplasts in the intact leaf may thus be supplied with a carbon source to maintain the level of Calvin cycle intermediates even at low CO2 concentration.To determine whether or not the loss of photorespiratory CO2 at CO2 concentrations near or below the CO2 compensation point is sufficient to reduce the level of Calvin cycle and glycolate pathway intermediates, we have measured the steady-state photosynthesis pool sizes of RuBP, PGA, glycolate, glycine, and serine. Pool size measurements were made at three 02 concentrations and CO2 concentrations varying from 0 to 500 tlI/l. Net CO2