The Amazonian oscar is extremely resistant to hypoxia, and tolerance scales with size. Overall, ionoregulatory responses of small (ϳ15 g) and large oscars (ϳ200 g) to hypoxia were qualitatively similar, but the latter were more effective. Large oscars exhibited a rapid reduction in unidirectional Na ϩ uptake rate at the gills during acute hypoxia (PO2 ϳ10 mmHg), which intensified with time (7 or 8 h); Na ϩ efflux rates were also reduced, so net balance was little affected. The inhibitions were virtually immediate (1st h) and preceded a later 60% reduction (at 3 h) in gill Na ϩ -K ϩ -ATPase activity, reflected in a 60% reduction in maximum Na ϩ uptake capacity without change in affinity (Km) for Na ϩ . Upon acute restoration of normoxia, recovery of Na ϩ uptake was delayed for 1 h. These data suggest that dual mechanisms may be involved (e.g., immediate effects of O 2 availability on transporters, channels, or permeability, slower effects of Na ϩ -K ϩ -ATPase regulation). Ammonia excretion appeared to be linked indirectly to Na ϩ uptake, exhibiting a Michaelis-Menten relationship with external [Na ϩ ], but the Km was less than for Na ϩ uptake. During hypoxia, ammonia excretion fell in a similar manner to Na ϩ fluxes, with a delayed recovery upon normoxia restoration, but the relationship with [Na ϩ ] was blocked. Reductions in ammonia excretion were greater than in urea excretion. Plasma ammonia rose moderately over 3 h hypoxia, suggesting that inhibition of excretion was greater than inhibition of ammonia production. Overall, the oscar maintains excellent homeostasis of ionoregulation and N-balance during severe hypoxia. teleost fish; ionoregulation; nitrogen metabolism; sodium-potassiumATPase; ion channels THE PRESENT STUDY USES the hypoxia-tolerant oscar (acará-açu; Astronotus ocellatus), an entirely water-breathing Amazonian cichlid, to examine the effects of low environmental O 2 on two key aspects of gill function, ionoregulation and nitrogenous waste excretion. The oscar commonly encounters hypoxia in its natural environment when it enters the seasonally flooded jungle to feed and reproduce; adults are reported to survive up to 6 h of complete anoxia and can tolerate levels of 5-20% air saturation for 20 -50 h (1, 2, 32). There are several reasons for believing that ionic balance and ammonia excretion may be particularly sensitive to hypoxia in freshwater fish, but to date, these areas have received little experimental attention.First, the respiratory-osmoregulatory compromise at the gills has been well documented in exercise studies on several teleost species: the effective gill area and diffusion distance are adjusted as a trade-off between providing the permeability required for gas exchange, while minimizing diffusive ion losses and osmotic water gain (12, 13, 57, 58). During environmental hypoxia, it is probable that similar lamellar recruitment and decreased diffusion distance occurs to help sustain O 2 uptake (17, 18) because gill O 2 transfer factor, an index of effective O 2 permeability, increase...