SUMMARY1. The ventilatory responses to step changes from rest to 100 W cycling exercise were studied in five healthy human subjects. Exercise was performed in hypoxia (end-tidal 02 pressure, PET,02' 50-55 mmHg), a condition characterized by a marked enhancement of arterial chemoreceptor activity, and in hyperoxia (PETo°2 > 250 mmHg), a condition in which arterial chemoreceptor activity is largely suppressed. The subjects were studied at each 02 level after placebo and after an oral dose of 120 mg propranolol.2. The magnitude of phase 1, the immediate, rapid ventilatory response at the onset of work, was unaffected by hypoxia and at both oxygen levels it was also unaffected by propranolol.3. Phase 2, analysed from 20 to 120 s after the onset of exercise, was significantly affected by both 02 level and fl-blockade. The kinetics of the ventilatory changes in this phase were well described in all four conditions by a simple exponential function. The overall mean time constants after placebo were shorter in hypoxia (31-0 s) than in hyperoxia (40-2 s), and at each 02 level longer after propranolol, in hypoxia 61-3 s and in hyperoxia 106-0 s 4. Continuous analysis of gas sampled at the mouth with a mass spectrometer showed constancy of end-tidal Pco2 throughout the step change in hypoxia both with and without f-blockade. In contrast, in both hyperoxic conditions PETCo2 rose, mainly in phase 2, to a value 5-6 mmHg higher than the starting value. 5. The steady-state ventilation was higher in hypoxia than in hyperoxia, and endtidal CO2 pressure, PETC02, correspondingly lower. Neither ventilation nor Pco2were, however, affected by propranolol in either condition. 6. It is concluded that the arterial chemoreceptors are important for both the rate of adaptation of ventilation to a new rate of metabolism during a step change of work rate, and for the matching of ventilation to C02 flow which normally ensures isocapnia. The further slowing of the dynamics of the ventilatory response in hyperoxia as well as the preserved isocapnia in hypoxia after fl-blockade argue against any major role of f8-adrenergic mechanisms for these functions of the arterial chemoreceptors. The observed effects are considered to be secondary to the reduced cardiac output and an increased CO2 storage initially during exercise following fiadrenergic blockade.