A reversible structural unlocking reaction, in which the closepacked van der Waals interactions break cooperatively, has been found for the villin headpiece subdomain (HP35) using triplet-triplet-energy transfer to monitor conformational fluctuations from equilibrium. Unlocking is associated with an unfavorable enthalpy change (ΔH 0 ¼ 35 AE 4 kJ∕mol) which is nearly compensated in free energy by the entropy change (ΔS 0 ¼ 112 AE 20 J · mol −1 · K −1 ). The unlocking reaction has a time constant of about 1 μs at 5°C and is enthalpy-limited with an activation energy of 32 AE 1 kJ∕mol and a large Arrhenius preexponential factor of A ¼ 7.5 × 10 11 s −1 . In the unlocked state a fast local conformational fluctuation with a time constant of 170 ns and a low activation barrier of 17 AE 1 kJ∕mol leads to unfolding of the Cterminal helix and to its undocking from the core. On a much slower time scale, global unfolding occurs from the unlocked state. These results suggest that native protein structures are locked into conformations with low amplitude motions. Large scale motions and global unfolding require an initial structural unlocking step leading to a state with properties of a dry molten globule. The experiments additionally yielded information on the dynamics of loop formation between different positions in unfolded HP35. Comparison of the results with dynamics in unstructured model peptides indicates slightly decelerated kinetics of local loop formation in the Cterminal region which points at residual, nonrandom structure. Dynamics of long-range loop formation, in contrast, are not influenced by residual structure, which argues against unfolded state properties as molecular origin for ultrafast folding of HP35.dry molten globule | native-state fluctuations | protein dynamics | protein folding | unfolded state dynamics N ative states of proteins are known to be close-packed but almost nothing is known about at which stage of the folding process packing occurs. Shaknovich and Finkelstein proposed in 1989 (1) that heat-induced protein unfolding begins with a slight expansion of the protein, such that at least some of the close-packing interactions are broken but water cannot yet penetrate into the interior. This dry molten globule state was postulated to be located on the unfolded side of the major folding barrier but it was argued that it should not be experimentally detectable for water soluble proteins (1). Later, GdmCl-induced unfolding experiments on ribonuclease A (2) and dihydrofolate reductase (DHFR) (3) monitored by time resolved NMR spectroscopy observed rapid formation of an intermediate located on the native side of the major unfolding barrier with properties resembling those of the predicted dry molten globule. The observation of an intact hydrogen-bonding network in the unfolding intermediate of ribonuclease A supported the dry nature of this state (4). Recently, FRET-detected unfolding kinetics of monellin showed rapid expansion of the native state prior to global unfolding (5), which is also in line w...