A bioassay was developed, involving steady-state ATP level determinations, for estimation of phosphate demand and deficiency in natural phytoplankton communities. The studies were performed on phytoplankton from the moderately acidified Lake Njupfatet in central Sweden before and after liming. Phytoplankton samples from in situ enclosure experiments with low-dose enrichments of nitrate and phosphate and removal of large (> 100 µm) zooplankton and from the lake water were collected. The phytoplankton were concentrated by through-flow centrifugation and post-cultured in the laboratory with or without the addition of phosphate. A relative increase in the ATP:chlorophyll a ratio after the phosphate treatment as compared to samples without phosphate enrichment was found to be a highly reproducible indicator of phosphate deficiency in the natural phytoplankton population. In contrast, the absolute ATP:chlorophyll a ratio varied substantially between different sampling occasions. No phosphate deficiency was detected in phytoplankton from the acidic lake or from fertilized in situ enclosures. However, phytoplankton from in situ enclosures without added nutrients showed evidence of phosphate limitation after 21 days incubation. Also, the phytoplankton community developed a significant phosphate deficiency the summer after lake liming. The results from the ATP analyses are compared with chemical data of the lake water, phytoplankton community structure and phosphatase activities in the lake before and after liming. The average total biomass of phytoplankton and the average Tot-P measured during May to September decreased with appr. 30% after liming while Tot-N was essentially unaffected and the phosphatase activities increased by 1000–2000%.