The dephosphorylation of phosphoglyceric acid was tested under a variety of conditions. Hydrolysis of the ester by leaf homogenates was relatively slow, even when conditions favored enzymatic activity, and was not detected when frozen homogenate was extracted by boiling 80% ethanol. The results suggest that glyceric acid recovered in ethanol-soluble extracts of leaves following short-term photosynthesis experiments is not normally derived from phosphoglyceric acid. The route proposed for the synthesis of glyceric acid is related, with particular reference to soybean leaf, to an alternate pathway for photosynthetic assimilation which does not utilize phosphoglyceric acid.