Reaction of ferric native myoglobin (Mb) with hydrogen peroxide (H2O2) was studied by the aid of stopped-flow rapid-scan spectrophotometry. In contrast to the results in previous studies where compound I was reported to be undetectable, both sperm whale and horse heart: metmyoglobins (metMbs) formed a significant quantity of compound I, an oxoferryl porphyrin pi -cation radical(Por(+)-Fe-IV(0)), during their reactions with H2O2. With both kinds of Mbs, formation of compound I was,more clearly observed in D2O than in H2O. The compound thus formed was capable of performing monooxygenation of thioanisole to methyl phenyl sulfoxide and a 2-electron oxidation of H2O2 giving O-2 and H2O as products. It was also converted into ferryl myoglobin (Por-Fe-IV(0)-globin(+)) spontaneously. Rate constants for these reactions and that for a direct conversion of metMb to ferryl Mb through the homolysis of H2O2 were determined. These results established unambiguously that native metMb can form both compound I and ferryl Mb upon reaction with H2O2 and that these high valent iron compounds serve as essential intermediates in Mb-assisted peroxidative reactions. The observed deuterium effect on the apparent stability of compound I was attributable to that effect on the hydrogen abstraction step in the 2-electron oxidation of H2O2 by compound I.