Two freshwater macrophytes, Ottelia alismoides and O. acuminata, were grown at low (mean 5 μmol L(-1)) and high (mean 400 μmol L(-1)) CO2 concentrations under natural conditions. The ratio of PEPC to RuBisCO activity was 1.8 in O. acuminata in both treatments. In O. alismoides, this ratio was 2.8