5. The fully activated instantaneous current-voltage (I-V) relationship for IK is approximately linear over the range of potentials -130 to -30 mV. Thus, the ion transfer mechanism of IK may be described as a simple ohmic conductance in this range of potentials. Positive relative to -30 mV, however, the I-V exhibits significant inward rectification. W. R. GILES AND E. F. SHIBATA 8. The time course of decay of IK is a single exponential. However, the activation or onset of IK shows clear sigmoidicity in the range of potentials from the activation threshold (-40 mV) to 0 mV. This sigmoidicity may be accounted for by raising the activation variable, n, to the second power.9. The kinetics of activation and deactivation of IK are strongly modulated by potentials negative to -60 mV, but are only weak functions of potential at more positive voltages. These results strongly suggest that IK is important in triggering repolarization and in controlling the rate of development of the first part of the pace-maker potential.10. In a second series of experiments, the background K+ current in sinus venosus cells was compared and contrasted with that in adjacent atrial myocytes.11. These data show that in single cells isolated from the atrium a conventional inwardly rectifying background current exists. The size of this current is very sensitive to changes in [K+]0, it is inhibited by relatively low doses of BaCl2 (50 PLM) and it exhibits very marked inward-going rectification. It therefore is very similar to IK1 in other cardiac preparations. In contrast, similar experiments in sinus venosus cells from the same animal show conclusively that there is no detectable inwardly rectifying background K+ current in this cardiac pace-maker cell type.12. These findings are discussed in relation to three physiologically important phenomena: (1) the mechanism of repolarization of the action potential in cardiac pace-maker tissue; (2) the ionic basis of the development of the spontaneous diastolic depolarization or pace-maker potential; (3) the functionally important electrophysiological differences between pace-maker and non-pace-maker tissue.