Changes in the photosynthetic apparatus occurring during the synchronous cell cycle of the green alga Scenedesmus obliquus are compared to the adaptational response induced by light intensity variations. To investigate and compare these two phenomena, we analyze the polyphasic rise of the chlorophyll fluorescence yield exhibited by plants and cyanobacteria when exposed to high intensity actinic light. Four fluorescence parameters are calculated which are closely related to Photosystem II (PS II) structure and function: ABS/RC, the antenna size of PS II; ϕ_PO, the quantum yield for reduction of the primary PS II quinone acceptor; q_PQ, related to the size of the plastoquinone pool; q_Emax, the capacity for pH dependent non-photochemical quenching. The capacity for non-photochemical quenching changes in response to light intensity variations, but it is not affected by the developmental changes occurring during the cell cycle. In contras t, for ABS/RC, ϕ_PO and q_PQ, we observe light induced as well as cell cycle dependent variations. We discuss the relations of the four fluorescence parameters to the molecular organization of the photosynthetic apparatus and its cell cycle and light dependent changes.