High‐resolution percent Corgand δ18Oforamrecords obtained from Panama Basin core Atlantis II 54‐25PC and additional data from nearby core P7 show that enhanced burial of organic carbon has characterized every major glacial period for the last 500 kyr in that area. Both Corgconcentration and mass accumulation rate profiles exhibit a sawtooth pattern with maxima occurring typically in the later stages of glacial periods. Comparison with dust records suggests that the carbon accumulation rate profile reflects both the upwelling history and a variable rate of iron input during the late Quaternary. The sawtooth character may derive from increased wind velocities and rates of upwelling during glacials which are indirectly related to ice volume (Sarnthein et al., 1988). The rapid decline in export production at the end of glacials in the equatorial Pacific may be attributed to the retreat of ice sheets (thus reduced wind velocities and upwelling) coupled with a coincident decline in atmospheric dust load and/or delivery rate. The Corgaccumulation rate profiles do not correlate well with atmospheric CO2records. For example, atmospheric CO2was already at a minimum 40 kyr ago when production in the Panama Basin began increasing dramatically, commensurate with an increase in global dust levels. Using the relationship between the degree of photosynthetic fractionation and the concentration of free CO2in the surface ocean postulated by Popp et al. (1989), δ13Corgmeasurements made on core P7 show that Panama Basin surface waters have been supplying CO2to the atmosphere continually for at least the last 50 kyr. There is no evidence for a flux of CO2into the surface ocean in this area at any time during this period despite the higher production. If the Panama Basin cores are representative of the eastern and central equatorial Pacific, then these observations weaken the influence on CO2drawdown postulated for increased glacial productivity at low lati
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