1. Illumination of B. eburneus photoreceptors with intense red light produces a membrane depolarization that persists in darkness. This quasistable depolarization (latch-up) can be terminated with green light. The phenomenon was investigated with electrophysiological, spectrochemical, and microspectrophotometric techniques. 2. Latch-up was associated with a stable inward current in cells with the membrane potential voltage-clamped at the resting potential in darkness. The stable current could only be elicited at wave-lengths greater than 580 nm. 3. Light-induced current (LIC) was measured at various wave-lengths in dark-adapted photoreceptors with the membrane voltage-clamped to the resting potential. The minimum number of photons required to elicit a fixed amount of LIC occurred at 540 nm, indicating that the photoreceptor is maximally sensitive to this wave-length of light. The photoreceptor was also sensitive to wave-lengths in the near-U.V. region of the spectrum (380-420 nm). 4. Steady red adapting light reduced the magnitude of the LIC uniformly at all wave-lengths except in the near-U.V. region of the spectrum; sensitivity was reduced less in this region. 5. The spectrum for termination of the stable inward current following or during red light was shifted to the blue (peak about 510 nm) compared to the peak for LIC (peak about 540 nm). 6. Absorbance of single cells prepared under bright, red light decreased maximally at 480 nm following exposure to wave-lengths of light longer than 540 nm. 7. A pigment extract of 1000 barnacle ocelli prepared under dim, red light had a maximum absorbance change at 480 nm when bleached with blue-gree light. 8. There was no evidence in the latter two experiments of photointerconversion of pigments with absorbance maxima at 480 and 540 nm. Rather, the maximum absorption of the bleaching products seemed to occur at wave-lengths shorter than 420 nm. 9. Since latch-up induction occurs at wave-lengths longer than 580 nm, it may depend on the 540 pigment or on an undetected red absorbing pigment. 10. A photolabile pigment at 480 nm correlated most closely with termination of the stable inward current associated with latch-up.