The urea-induced transition of ovomucoid, which was studied by viscosity, difference-spectral and fluorescence measurements in 0.06 M phosphate buffer, pH 7.0, has been shown to occur in two steps involving at least three conformational states, that is, the native, the intermediate and the fully denatured states. Equilibrium and kinetic studies showed that the two transitions were completely reversible. These states have been characterized by solvent perturbation of the absorption and fluorescence spectra of ovomucoid as well as by viscosity measurements. Perturbation results with ethylene glycol and propylene glycol suggested an exposure of about three phenolic residues in the native ovomucoid. As judged by the intrinsic viscosity (5.3 ml/g), the native protein seems to exist in a conformation more expanded than that of a typical globular protein. In the intermediate state, which obtains at 6 M urea, the intrinsic viscosity of ovomucoid was measured to be 6.44 ml/g. As a result of this small but significant unfolding, the exposure of tyrosyl residues was increased ; probably an additional phenolic group became exposed. The fully denatured state occurs near and above 9 M urea. As measured by intrinsic viscosity (7.2 ml/g), the effective hydrodynamic volume increased by 12 % upon transition of the intermediate state to the denatured state. Solvent perturbation data indicated exposure of nearly all of the tyrosine residues of ovomucoid in the denatured state. These along with the intrinsic viscosity of ovomucoid (14.3 ml/g) in 9 M urea containing 0.1 M 2-mercaptoethanol have shown that the protein probably loses almost all the elements of its native structure in 9 M urea. Analysis of the preliminary kinetic results indicated that the refolding is faster than the unfolding process for both the transitions; native + intermediate s denatured.The final step in protein biosynthesis is the folding of polypeptide chain into a native and functional conformation. Useful information about the mechanism of the overall process of protein folding can be obtained by characterizing the different conformational states involved in the folding-unfolding process [l]