1. A single-celled, elongating sporangiophore of Phycomyces responds to a sufficient increase in intensity of illumination by a brief increase in growth rate. This is the "light-growth response" of Blaauw. 2. The reaction time is compound, consisting of an exposure period and a latent period (this comprising both the true latent period resulting from photochemical action and any "action time" necessary for the response). During the latter period the plant may be in darkness, responding nevertheless at the end of the latent period. 3. Both light adaptation and dark adaptation occur in the sporangiophore. The kinetics of dark adaptation can be accounted for on the basis of a bimolecular reaction, perhaps modified by autocatalysis. Attention is called to the bimolecular nature of the "dark" reaction in all other photosensory systems that have been studied, in spite of the diversity of the photosensitive substances themselves and of the different forms of the responses to light.