The extracellular hemoglobin of Glossoscolex paulistus (HbGp) has a molecular mass of 3.6 MDa, determined by analytical ultracentrifugation. This protein has an oligomeric structure composed by 144 globin chains, and 36 additional chains lacking the heme group, named linkers. This class of proteins has a high resistance to oxidation and high oligomeric stability when subjected to stressful conditions such as temperature variation, pH and addition of chemical agents (urea, GuHCl, and surfactants). The first part of the results of this work describes the oxy-HbGp oligomeric stability, in the presence of urea, at pH 7.0, monitored by fluorescein isothiocyanate (FITC) fluorescence probe. This study was developed through the use of several spectroscopic techniques, such as, UV-VIS optical absorption, static and timeresolved fluorescence (time-correlated single photon counting TCSPC), static anisotropy and time-resolved anisotropy decay. Fluorescence lifetimes were monitored for both tryptophans and FITC and the corresponding emission decays were obtained. Tryptophan decays are multi-exponential with four characteristic lifetimes: two in the picosecond and two in the nanosecond time ranges. The tryptophan emission decays for pure HbGp and HbGp-FITC systems are quite similar. In the absence of denaturant, and up to 2.5 mol L-1 of urea, the shorter lifetimes predominate in the decay. At 3.5 and 6.0 mol L-1 of urea, the longer lifetimes increase significantly their contribution. Urea-induced unfolding process is characterized by protein oligomeric dissociation and denaturation of dissociated subunits. FITC emission decays for FITC-HbGp system are also multi-exponential with three lifetimes: two in the subnanosecond and one in the nanosecond range with a value quite similar to the free probe in buffer of 3.9 ns. Increase of urea concentration leads to increase of the longer lifetime contribution, implying the removal of the quenching of the probe emission observed for the native HbGp-FITC system. On the other hand, anisotropy decays are characterized by two rotational correlation times associated to the bound probe, and are due to some residual motion of the probe relative to the protein. In the second part of this work the apo-HbGp (oxy-HbGp without heme groups)was studied through a set of techniques: Sodium dodecyl sulfate-Polyacrylamide Gel Electrophoresis (SDS-PAGE), Analytical Ultracentrifugation (AUC), Dynamic Light Scattering (DLS), UV-VIS optical absorption, Circular Dichroism (CD), static and time-resolved fluorescence, in the absence and in the presence of 8-anilino-1naphtalene-sulfonic acid (ANS) probe. Moreover, the apo-HbGp concentration was