We present a detailed analysis of the "second-parameter pair" of globular c
lusters M3 (NGC 5272) and Palomar 3. Our main results can be summarized as
follows: (1) The horizontal-branch (HB) morphology of 3 is significantly bl
uer in its inner regions (observed with the Hubble Space Telescope) than in
the cluster outskirts (observed from the ground); i.e., M3 has an internal
second parameter. Most plausibly, the mass loss on the red giant branch ha
s been more efficient in the inner than in the outer regions of the cluster
. (2) The dispersion in mass of the Pal 3 HB is found to be very small-cons
istent with zero-and we argue that this is unlikely to be due to a statisti
cal fluctuation. It is this small mass dispersion that leads to the most ap
parent difference in the HB morphologies of M3 and Pal 3. (3) The relative
HB types of 3 and Pal 3, as measured by mean colors or parameters involving
the number of blue, variable, and red HB stars, can easily be accounted fo
r by a fairly small difference in age between these clusters, of order 0.5-
1 Gyr-which is in good agreement with the relative age measurement, based o
n the clusters' turnoffs, by VandenBerg.