Summary Photosynthesis oftreeseedlings isgenerdly enhaced dutingshofi-tem exposure to elevated atmospheric C02, but longer-term photosynthetic responses are often more variable because they are affected by morphological, biochemical and physiological feedback mechanisms that regulate carbon assimilation to meet sink demand. In order to examine potential biochemical and morphological factors that might regulate the longterm photosynthetic response of field-grown trees to elevated C02, we grew ponderosa pine (Pinus ponderosa) trees in open-top chambers for six years in native soil at ambient C02 (35 Pa) and elevated CO, (70 Pa) at a site near Placerville, CA. Trees were well watered and exposed to natural light and ambient temperature. Net photosynthesis was enhanced 53% in ponderosa pine trees grown in elevated COZat the end of the sixth growing season, despite reductions in photosynthetic capacity. The positive net photosynthetic response of ponderosa pine trees to elevated CO, reflected greater relative increases in Rubisco sensitivity than decreases due to biochemical adjustments.Reductions in photosynthetic capacity of elevated C02 trees were evident as analyses of ACi curves indicated significant reductions in maximum photosynthetic rate (A.=, 20%), Rubisco carboxylation capacity (VCmW, 36%), and electron transport capacity (J~=,21%).In addition, the reduction in photosynthetic capacity due to growth in elevated CO, was accompanied by reductions in various photosynthetic components, including total chlorophyll (24%), Rubisco protein content (38%), and mass-based leaf nitrogen concentration (14%). Net photosynthesis was unaffected by morphological adjustments since there was no change in leaf mass per unit area in elevated C02. An apparent positive response of photosynthetic adjustment in elevated C02 was the redistribution of N within the photosynthetic system to balance Rubisco carboxylation and electron Tissue -2 DISCLAIMER