The refolding reaction of S54G/P55N ribonuclease T1 is a two-step process, where fastformation of a partly folded intermediate is followed by the slow reaction to the native state, limited bya trans
cis isomerization of Pro39. The hydrodynamic radius of this kinetic folding intermediate wasdetermined by real-time diffusion NMR spectroscopy. Its folding to the native state was monitored by aseries of 128 very fast 2D
15N-HMQC spectra, to observe the kinetics of 66 individual backbone amideprobes. We find that the intermediate is as compact as the native protein with many native chemicalshifts. All 66 analyzed amide probes follow the rate-limiting prolyl isomerization, which indicates thatthis cooperative refolding reaction is fully synchronized. The stability of the folding intermediate wasdetermined from the protection factors of 45 amide protons derived from a competition between refoldingand H/D exchange. The intermediate has already gained 40% of the Gibbs free energy of refolding withmany protected amides in not-yet-native regions.