The effects of breathing 1-5 per cent and 10 per cent 02 for 1 hr. were studied in unanaesthetized rabbits. With 11-5 per cent 02 there was a large increase in ventilation and the arterial 02 saturation averaged 86 per cent. There was no significant change in heart rate, arterial pressure or cardiac output after an hour's hypoxia. In animals breathing 10 per cent 02 the changes in the circulation after 1 hr. correlated well with the severity of bradycardia produced in the first few minutes of hypoxia. This suggested that the circulatory behaviour during the steady-state was related to the activity of the arterial chemoreceptors. In animals in which the early bradycardia was mild there was a relatively small increase in respiratory rate: the cardiac output was increased at the end of 1 hr., tachyeardia developed and the blood pressure was either normal or slightly reduced. In other animals the bradycardia and rise in respiratory rate were more marked. Some of these animals maintained an arterial 02 saturation above about 80 per cent and there was no change in cardiac output. In others with lower arterial 02 saturations (comparable with those of the high output group) the cardiac output was low at the end of an hour's hypoxia and bradycardia was still present; in this group the early vasoconstriction in the first few minutes of hypoxia seemed to persist.A high output state was produced in the presence of a normal arterial P02 by inducing tissue hypoxia with carbon monoxide. Reduction of the arterial P02 superimposed on this state resulted in a fall in cardiac output. It was concluded that the arterial chemoreceptors played no direct part in the development of a high cardiac output in arterial bypoxia.IN many species acute hypoxia results in an increase in cardiac output. This has been observed regularly with moderate degrees of oxygen lack in man and the unana,sthetized dog [Grollman, 1930; Doyle, Wilson and Warren, 1952;Fishman, McClement, Himmelstein and Cournand, 1952;Nahas, Visscher, Mather, Haddy and Warner, 1954;Asmussen and Nielsen, 1955]. Although most observations have been concerned with steady-state studies, there is evidence in the dog that the cardiac output increases within the first few minutes of hypoxia [Nahas et al., 1954]. It is not known whether the arterial chemoreceptors play a direct part in the elevation of the cardiac output in man and the dog. In contrast to the findings in the dog, the unaneesthetized rabbit develops systemic vasoconstriction during the first few minutes of moderate hypoxia, resulting from intense chemoreceptor