SUMMARYThe photosynthetic activity of calcicolous endo-and epilithic lichens from the Trieste Karst area (NE Italy) was investigated. The data consist of: (a) gas exchange rates oi Acrocordia conoidea, Petractis clausa, Rinodina immersa ' h~' at optimal conditions; (2) the relation between thallus water content and photosynthesis differs from that of foliose and fruticose lichens; the optimum water content of endolithic lichens is particularly small, when expressed in g H^O cm""; (3) the algae of endolithic lichens, which belong to different systematic groups, are light-saturated at a small radiation flux; (4) chlorophyll contents of endolithic lichens are rather large, being similar to those of some parmelioid lichens. The ecological implications of the endolithic growth-form are briefly discussed. Endolithic lichens should be regarded as slowgrowing, stress-tolerant organisms, which are rather similar in their physiology to epilithic crustose lichens; they have a high resistance to CO.^ diffusion, saturation being reached only at a very large CO^ concentration.