The addition of trifluoroethanol or hexafluoroisopropanol converts the appa
rent two-state folding of acylphosphatase, a small alpha/beta protein, into
a multistate mechanism where secondary structure accumulates significantly
in the denatured state before folding to the native state. This results in
a marked acceleration of folding as revealed by following the intrinsic fl
uorescence and circular dichroism changes upon folding. The folding rate is
at a maximum when the secondary-structure content of the denatured state c
orresponds to that of the native state, while further stabilization of seco
ndary structure decreases the folding rate. These findings indicate that st
abilization of intermediate structure can either enhance or retard folding
depending on its nature and content of native-like interactions.