We have studied the properties of N-7-(4-nitrobenzo-2-oxa-1,3-diazole)-ω-aminohexanoic acid β-(N-trimethylammonium)ethyl ester, a fluorescent analog of acetylcholine at the cellular level by using pharmacological and electrophysiological techniques and at the molecular level by measuring the kinetics of interaction with solubilized actylcholine receptor and with acetylcholine esterase (EC 3.1.1.7). The fluorescent drug is a powerful agonist of acetylcholine at the neuromuscular junction and also strongly desensitizes muscle fibers. Interaction with acetylcholine receptor is accompanied by large changes in the drug's fluorescence. From the kinetics of interaction studied by means of a stopped-flow fluorimeter with laser light source, we obtained a second-order forward rate constant in excess of 1 x 108 M-1 sec-1 and an initial dissociation rate constant (K1) of sec-1 sec(-)1 for receptor from Electrophorus electricus. Interaction of this analog with acetylcholine esterase from E. electricus is accompanied by a transient decrease in fluorescence followed by an increase leading to stable plateau value at a level near the original one. The initial decrease in fluorescence followed second-order kinetics with K2 of the order of 109 M-1 sec-1. The slower consecutive reaction, which could be blocked by phosphorylation of the esteratic site, was of first order with K1=0.05 sec-1.