A close relationship between pulmonary ventilation and blood flow exists in the normal functioning of the lungs. Thus, primary alterations in one of these processes are difficult to distinguish from secondary changes in the other. In order to study these two functions in the intact animal, we have separated them by utilizing a technique which allows us to induce alterations in pulmonary blood flow while keeping ventilation constant in rate and tidal volume. This report describes changes observed in the pulmonary circulation and respiratory gas exchange of dogs in whom blood flow was decreased by hemorrhage and then restored by blood replacement.Studies on experimental animals and human subjects have indicated that all pulmonary vessels are not open at the same time (1), and that the pulmonary circulation is able to accommodate a marked increase in blood flow with little rise in the pulmonary arterial blood pressure (2-7). An increase in blood flow, then, must be accompanied by a decrease in vascular resistance, presumably due to expansion of the pulmonary bed. However, the mechanisms by which such accommodation occurs have not been fully elucidated, and questions remain as to the relative importance of physical forces, the effectiveness of vasomotor control and the significance of local pressor and chemo-reflexes. Moreover, only fragmentary