In contrast to batch cultivation, chemostat cultivation allows the identification of carbon source responses without interference by carbon-catabolite repression, accumulation of toxic products, and differences in specific growth rate. This study focuses on the yeast Saccharomyces cerevisiae, grown in aerobic, carbon-limited chemostat cultures. Genome-wide transcript levels and in vivo fluxes were compared for growth on two sugars, glucose and maltose, and for two C2-compounds, ethanol and acetate. In contrast to previous reports on batch cultures, few genes (180 genes) responded to changes of the carbon source by a changed transcript level. Very few transcript levels were changed when glucose as the growth-limiting nutrient was compared with maltose (33 transcripts), or when acetate was compared with ethanol (16 transcripts). Although metabolic flux analysis using a stoichiometric model revealed major changes in the central carbon metabolism, only 117 genes exhibited a significantly different transcript level when sugars and C2-compounds were provided as the growthlimiting nutrient. Despite the extensive knowledge on carbon source regulation in yeast, many of the carbon source-responsive genes encoded proteins with unknown or incompletely characterized biological functions. In silico promoter analysis of carbon source-responsive genes confirmed the involvement of several known transcriptional regulators and suggested the involvement of additional regulators. Transcripts involved in the glyoxylate cycle and gluconeogenesis showed a good correlation with in vivo fluxes. This correlation was, however, not observed for other important pathways, including the pentose-phosphate pathway, tricarboxylic acid cycle, and, in particular, glycolysis. These results indicate that in vivo fluxes in the central carbon metabolism of S. cerevisiae grown in steadystate, carbon-limited chemostat cultures are controlled to a large extent via post-transcriptional mechanisms.The yeast Saccharomyces cerevisiae is widely used as a model organism to study carbon source-dependent metabolic regulation in eukaryotes. Wild-type S. cerevisiae strains have a narrow set of carbon sources that can support fast growth in synthetic media (1). The most widely studied of these are the hexoses glucose, fructose, galactose, and mannose, the disaccharides maltose and sucrose, and the C2-compounds ethanol and acetate. The metabolic networks employed for the metabolism of the hexoses and disaccharides are very similar and differ only in the initial steps of metabolism (Fig. 1). For example, glucose and maltose metabolism differ only with respect to two reactions. The first reaction is the sugar transport through the plasma membrane; maltose uptake is catalyzed by an energy-dependent maltose-proton symport mechanism (Fig. 1, step 30) (2), whereas glucose uptake is catalyzed exclusively by a facilitated diffusion mechanism (step 33) (3). The second reaction is the intracellular breakdown of maltose into glucose, which involves a specific ␣-glucosidase ("m...