The presteady-state and steady-state kinetics of the binding and hydrolysis of substrates, maltose and isomaltose, and the transition-state analogue, gluconolactone, by glucoamylase from Aspergillus niger were investigated using initial-rate, stopped-flow and steady-state methods. The change in the intrinsic fluorescence of the enzyme was monitored. Distinct mechanistic differences were observed in the interaction of the enzyme with maltose compared to isomaltose. Hydrolysis of maltose requires a three-step mechanism, whereas that of isomaltose involves at least one additional step. The rates of an observed conformational change, which is the second discernible step of the reactions, clearly show a tighter binding of maltose compared to isomaltose, probably because the reverse rate constants differ. Compared to the non-enzymic hydrolysis the transition-state stabilization energy of glucoamylase is approximately -66 kJ/mol with maltose and only -14 kJ/mol with isomaltose.Kinetic analysis of thc binding of the inhibitor, gluconolactone, implies that independent interactions of two molecules occur. One of these, apparently, is a simple, fast association reaction in which gluconolactone is weakly bound. The other resembles binding of maltose, involving a fast association followed by a conformational change. Based on the results obtained, we propose new reaction mechanisms for Aspergillus glucoamylase. K , and k , are the usual kinetic parameters of the MichaelisMenten equation. By analogy, t h s model (Eqn 1) has been proposed also for the Aspergillus enzyme [I 11, based on steadystate kinetic and equilibrium fluorescence studies, but no direct evidence has yet been presented. In the present study, we rcport presteady-state and steadystate kinetics and thermodynamic results on the interactions of glucoamylase from A . niger with maltose, isomaltose and gluconolactone. The presteady-state and thermodynamic results were obtained from measurements of the change in the intrinsic protein fluorescence. Far the 1,4-a-linked and 1,6-alinked disaccharide substrates, a reaction model with two-step formation of the E*L complex (Eqn 1) is required to explain the results. The hydrolysis of isomaltose, however, involves at least one additional kinetically significant step. The enzyme binds two molecules of the inhibitor, gluconolactone, and a model more complicated than that of Eqn (1) is required to explain the results. A new ligand/subsite association pattern, which is in accordance with our thermodynamic and kinetic results, is suggested for the Aspergillus enzyme. k -2 + k2 + k3'