AbstractThe Siluro‐Devonian Waits River Formation of north‐east Vermont was deformed, intruded by plutons and regionally metamorphosed during the Devonian Acadian Orogeny. Five metamorphic zones were mapped based on the mineralogy of carbonate rocks. From low to high grade, these are: (1) ankerite‐albite, (2) ankerite‐oligoclase, (3) biotite, (4) amphibole and (5) diopside zones. Pressure was near 4.5kbar and temperature varied fromc.450° C in the ankerite‐albite zone toc.525° C in the diopside zone. Fluid composition for all metamorphic zones was estimated from mineral equilibria. Average calculated χco2[= CO2/(CO2+ H2O)] of fluid in equilibrium with the marls increases with increasing grade from 0.05 in the ankerite‐oligoclase zone, to 0.25 in the biotite zone and to 0.44 in the amphibole zone. In the diopside zone, χCO2decreases to 0.06.Model prograde metamorphic reactions were derived from measured modes, mineral chemistry, and whole‐rock chemistry. Prograde reactions involved decarbonation with an evolved volatile mixture of χCO2>0.50. The χCO2of fluid in equilibrium with rocks from all zones, however, was generally<0.40. This difference attests to the infiltration of a reactive H2O‐rich fluid during metamorphism. Metamorphosed carbonate rocks from the formation suggests that both heat flow and pervasive infiltration of a reactive H2O‐rich fluid drove mineral reactions during metamorphism. Average time‐integrated volume fluxes (cm3fluid/cm2rock), calculated from the standard equation for coupled fluid flow and reaction in porous media, are (1) ankerite‐oligoclase zone:c.1 × 104; (2) biotite zone:c.3 × 104; (3) amphibole zone:c.10 × 104; and diopside zone:c.60 × 104. The increase in calculated flux with increasing grade is at least in part the result of internal production of volatiles from prograde reactions in pelitic schists and metacarbonate rocks within the Waits River Formation.The mapped pattern of time‐integrated fluxes indicates that the Strafford‐Willoughby Arch and the numerous igneous intrusions in the field area focused fluid flow during metamorphism. Many rock specimens in the diopside zone experienced extreme alkali depletion and also record low χCO2. Metamorphic fluids in equilibrium with diopside zone rocks may therefore represent a mixture of acid, H2O‐rich fluids given off by the crystallizing magmas, and CO2‐H2O fluids produced by devolatilization reactions in the host marls. Higher fluxes and different fluid compositions recorded near the plutons suggest that pluton‐driven hydrothermal cells were local highs in the large