The standard two-scale theory of the dynamo coefficient alpha in incompress
ible isotropic helical MHD turbulence is extended to include nonlinear effe
cts of (B) over bar, the large-scale magnetic field. We express alpha in te
rms of statistical quantities that can be calculated from numerical simulat
ions of the case (B) over bar = 0. For large magnetic Reynolds numbers, our
formula agrees approximately with that of Kraichnan but disagrees with tha
t of Cattaneo & Hughes.