The findings reported here are consistent with the conclusion that the pyridine nucleotides can exist in solution as an equilibrium mixture of folded and unfolded forms. For both nicotinamide-adenine dinucleotide and reduced nicotinamide- adenine dinucleotide, addition of methanol or urea to the neutral aqueous solution leads to an increase of the ratio of the unfolded to folded forms. In the case of nicotinamide- adenine dinucleotide precise chemical shift data obtained over a wide pH range agree with the data reported by Jardetzky and Wade-Jardetzky but disagree with the data reported by Sarma, Ross, and Kaplan. On the other hand for reduced nicotinamide-adenine dinucleotide we find that, in contrast to results reported by Jardetzky and Wade-Jardetzky, the C-2 and C-4 protons of the reduced pyridine ring show chemical shifts that are essentially independent of pH in the pH range 2-10. © 1969, American Chemical Society. All rights reserved.