The kinetics of the two enzyme phosphoglycerate kinase (EC 2.7.2.3)/NADP-linked glyceraldehyde-3-phosphate dehydrogenase (EC 1.2.1.13) couple are negatively cooperative and will also fit a model for two enzymes acting on one substrate. When the chloroplast is illuminated apparent negative cooperativity is reduced; maximal velocity of only one of the two enzymes in the two-enzyme model is increased. Even after light activation the activity of glyceraldehyde-3-phosphate dehydrogenase appears to be too low to support photosynthesis at calculated levels of glycerate-1,3-bisphosphate in isolated chloroplasts (Marques, I.A., Ford, D.M., Muschinek, G. and Anderson, L.E. (1987) Arch. Biochem. Biophys. 252, 458–466). The activity of the coupled reaction is apparently sufficient to support observed rates of CO 2 fixation, which suggests that glycerate-1,3-bisphosphate may be channeled from the kinase to the dehydrogenase in vivo.