Addition of calcium ions to the Ca 2þ -regulated photoproteins, such as aequorin and obelin, produces a blue bioluminescence originating from a fluorescence transition of the protein-bound product, coelenteramide. The kinetics of several transient fluorescent species of the bound coelenteramide is resolved after picosecond-laser excitation and streak camera detection. The initially formed spectral distributions at picosecond-times are broad, evidently comprised of two contributions, one at higher energy (∼25 000 cm -1 ) assigned as from the Ca 2þ -discharged photoprotein-bound coelenteramide in its neutral state. This component decays much more rapidly (t 1/2 ∼ 2 ps) in the case of the Ca 2þ -discharged obelin than aequorin (t 1/2 ∼ 30 ps). The second component at lower energy shows several intermediates in the 150-500 ps times, with a final species having spectral maxima 19 400 cm -1 , bound to Ca 2þ -discharged obelin, and 21 300 cm -1 , bound to Ca 2þ -discharged aequorin, and both have a fluorescence decay lifetime of 4 ns. It is proposed that the rapid kinetics of these fluorescence transients on the picosecond time scale, correspond to times for relaxation of the protein structural environment of the binding cavity.Bioluminescent animals are found in a variety of types occurring both terrestrially and in the ocean. More often than not, the chemistry of their light emission processes and the proteins involved are found quite unrelated. Well-studied cases, for example, are the bioluminescence of the firefly, which involves ATP and a substrate firefly luciferin, a benzthiozole derivative, and that of the photoprotein aequorin from the bioluminescent jellyfish Aequorea, which is triggered for light emission by Ca 2þ . Coelenterazine, an imidazopyrazinone derivative (Figure 1), is the luciferin (a generic term for the substrate) involved in many marine bioluminescent systems, including the ones subject to this present study, the Ca 2þ -regulated photoproteins, aequorin and obelin from the hydrazoan Obelia (1-3).A significant advance in uncovering the mechanism of bioluminescence from aequorin and obelin resulted from the determination of the high-resolution spatial structure of the two photoproteins (4-6). The coelenterazine was revealed residing in an internal cavity substituted with a peroxy group ( Figure 1B), as long suspected from earlier indirect evidence (7). Such a compound would be very unstable in free solution, but in the protein it appears to be frozen in place via a H-bond network to amino acid residues comprising the binding cavity. Model chemiluminescence studies with coelenterazine analogues had shown such a peroxide to be an intermediate, closing to a dioxetanone in the reaction pathway (8). The free energy produced by decarboxylation of this dioxetanone around 70 kcal/mol is sufficient to account for the energy of the photons of blue bioluminescence.Aequorin and obelin are EF-hand proteins belonging to the large family of Ca 2þ -binding proteins. They each contain three Ca 2þ -ligati...