The relaxation behaviour of a system of reactants equilibrated in the presence of pig heart lactate dehydrogenase was studied after pressure perturbation. Two relaxations were observed when protein fluorescence was recorded, but only the slower relaxation was apparent in observations ofA340. The faster relaxation therefore involves transfer between free and enzyme-bound NADH, whereas the slower relaxation represents the reduction of NAD+. Both relaxations were observed in Tris buffer, where there is little effect of pressure on pH, and in phosphate buffer, where pH changes are significant; however, the amplitudes depended on the buffer used. The slower reciprocal relaxation time increases with increasing total enzyme concentration and decreases slightly with increasing NAD+ concentration. Computer simulations, based on a proposed mechanism, were compared with the experimentally determined amplitudes and relaxation times as a test of the mechanism.Preliminary observations (Davis & Gutfreund, 1976) of the pressure perturbation of a system of reactants equilibrated in the presence of pig heart lactate dehydrogenase showed the existence of relaxation phenomena. Transient kinetic analysis of stopped-flow experiments in this laboratory (Whitaker et al., 1974; Boland & Gutfreund, 1975;Holbrook et al., 1976) has resulted in considerable elucidation of our understanding of the reaction of lactate dehydrogenase with its substrates and allows pressure-relaxation effects to be analysed in * Present address: