The permeability of isolated mitochondria which have undergone the Ca²⁺-induced transition can be modulated over a wide range simply by adjusting the concentration of free Ca²⁺ in the medium. The effect varies sigmoidally with respect to Ca²⁺ concentration, with an apparent K_m of 16 μm at pH 7.0. It is concluded that the trigger site (by “trigger site” we mean the site of binding of Ca²⁺ which, when Ca²⁺ is bound, will allow the transition in permeability to occur) is possibly also the site for high-affinity Ca²⁺ uptake. Added ADP, NADH and Mg²⁺ inhibit the Ca²⁺-induced permeability of mitochondria which have undergone the Ca²⁺-induced transition. Mg²⁺ and other ions, including H⁺, act like competitive inhibitors of the Ca²⁺ effect. In the presence of Ca²⁺, both neutral and charged molecules of molecular weight <1000 pass readily through the membrane. This response to Ca²⁺ is interpreted as a gating effect at the internal end of hydrophilic channels which span the inner membrane.