Exercise-induced arterial hypoxemia (EIAH) is a recognized phenomenon in highly trained adults. Like adult athletes, prepubescent trained children may develop high-level metabolic demand but with a limited lung capacity in comparison with adults. The purpose of this investigation was to search for evidence of EIAH in prepubescent trained children. Twenty-four prepubescent (age: 10.3 Ϯ 0.2 y) trained children (10.0 Ϯ 0.7 h of weekly physical activity) performed pulmonary function tests and a graded maximal exercise test on a cycle ergometer. EIAH was defined as a drop of at least 4% from resting level arterial oxygen saturation (SaO 2 ) measured by pulse oximetry. EIAH was observed in seven children. Forced vital capacity (FVC), ventilatory response to exercise (⌬V E /⌬V CO 2 ), and breathing reserve at maximal exercise were significantly lower, whereas tidal volume relative to FVC was higher in hypoxemic children than in nonhypoxemic children; weekly physical activity and maximal oxygen uptake were similar. Moreover, positive relationships were found between SaO 2 at maximal exercise and breathing reserve (r ϭ 0.56; p Ͻ 0.05) or volume relative to FVC (r ϭ 0.70; p Ͻ 0.01). EIAH may occur in prepubescent trained children with a relatively low maximal oxygen uptake (42 mL · min Ϫ1 · kg Ϫ1 ); however, the mechanisms remain unclear and need to be investigated more accurately. Healthy individuals are commonly considered to be able to maintain arterial oxygenation to meet the increased metabolic demand induced by exercise at sea level. It now is widely recognized, however, that some highly trained adult athletes may reach the limits of their pulmonary function during exercise (1-5). Impaired pulmonary gas exchange leading to exercise-induced arterial hypoxemia (EIAH), characterized by a fall-off of both partial arterial oxygen (PaO 2 ) and arterial oxygen saturation (SaO 2 ) below resting values, is ample evidence (2,3,5). This phenomenon may reduce aerobic performance in these athletes (2,3,5,6).EIAH is a multifactorial phenomenon and may be explained in adults by 1) a relative alveolar hypoventilation (7,8), 2) an increase of ventilation-perfusion inequality (V A/Q c) (9, 10), and/or 3) an alveolar to capillary diffusion limitation during exercise (5, 9, 10). Moreover, in adult women, pulmonary gas exchanges may be altered by a reduced lung size (4, 10, 11). Indeed, a high alveolar-arterial oxygen tension difference during exercise seems to be due to inadequate pulmonary structure/function in women who experience significant EIAH at maximal oxygen uptake (V O 2max ) (4,11