Trees at timberline in the high Alps are exposed to a variety of climatic conditions. Most climatic stresses occur during winter and spring, when frost, occasionally low snow cover, and high irradiation interact. In this study, we follow reactions of photosynthesis from high winter to spring in two dominating tree species of the alpine timberline, which may indicate the status of stress response to a changing environment. The results indicate a level of physiological stability in trees, which are important for stabilising natural high mountain ecosystems. Trees of Pinus cembra and of Pinus mugo were selected at altitudes between 1850 m a.s.l. and 1950 m a.s.l. near innsbruck, Austria. At six sampling times from January to May, fast chlorophyll fluorescence was measured in the field and twigs were collected for further investigation in the laboratory. The following measurements were taken: photosynthetic oxygen formation, needle chlorophyll and carotenoid determination, and kinetic studies of the xanthophyll cycle. In general, both tree species showed similar results in most parameters studied. P. mugo seems to have some advantages if winter precipitation is high, when, because of its growth habitus, most needles will be snow covered. Primary photochemistry (trapping per reaction centre) in PS II does not change with sampling dates despite the fact that temperature and light are changing. However, first events in electron transport and whole needle photosynthesis are strongly affected by light and temperature conditions during the days before sampling. The kinetics of the xanthophyll cycle indicate not only light, but also strong temperature effects. P. mugo photosynthesis seems to have a higher stability under changing weather. Both tree species are well prepared to start with photosynthesis in winter, if favourable conditions, like foehn events, occur.