Several bent valence states of COz are characterized by means of full-valence-space MCSCF calculations. The ground state potential energy surface exhibits a double well corresponding to a ring minimum, with Cz,.symmetry ('AI) and a 73.1" OCO angle, in addition to the linear ('2;) global minimum. The transition state for the ring opening process, which has a barrier of 12.1 kcal/mole with respect to the ring minimum, is however found to have C, symmetry. Double minima are also shown to exist for the IAz, l B 1 and I & excited states. However, in these cases all minima are bent. Cross sections through the ground state potential energy surface corresponding to the two collinear exchange reactionsare also calculated and their energy contour maps are reported. The latter reveals the existence of a stable linear intermediate with the structure COO. 0