Cell extracts of Methanobacterium thermoautotrophicum (strain AH) were found to perform a hydrogendependent reduction of factor 390 (F390), the 8-adenylyl derivative of coenzyme F420. Upon resolution of cell extracts, F390-reducing activity copurified with the coenzyme F420-dependent hydrogenase. This Methanogenic bacteria constitute a group of strictly anaerobic microorganisms that obtain their energy for biosynthesis of carbon in the cell from the conversion of onecarbon substrates or acetate to CH4. During the last decade, several novel coenzymes have been isolated and shown to participate in the methanogenic pathway (11,17). A few years ago, this list of mostly unique compounds became expanded with the discovery of two chromophores showing absorbance maxima at 390 nm (8). These compounds were identified as derivatives of coenzyme F420 (an 8-hydroxy-5-deazaflavin) in which AMP or GMP is linked to the deazaflavin via the 8-hydroxy position and are therefore named factor 390 (F390)-A and F390-G (Fig. 1) (8). These chromophores could be isolated only when growing cultures of Methanobacterium thermoautotrophicum were exposed to oxygen (7,8,16). Subsequent removal of oxygen from the gas phase resulted in the disappearance of the F390 compounds with the concomitant formation of coenzyme F420 (7, 16).Recently, enzymatic synthesis of F390 was demonstrated to occur in cell extracts of the organism (13). The reaction used oxidized coenzyme F420 and ATP as substrates and proceeded only when the extracts had been pretreated with oxygen. The ability to synthesize F390 was rapidly but reversibly lost when the extracts were brought under reducing conditions (13).In order to ascribe a physiological role to factor(s) F390, the potential for interconversion of this compound(s) in cell extracts was further examined. In this article, we report the H2-dependent reduction of F390-A and its enzymatic hydrolysis to coenzyme F420 by cell extracts of M. thermoautotrophicum. Optimal conditions for the F390-reducing activity and F390 hydrolase are described and compared with those of the coenzyme F420-reducing hydrogenase and the