This paper gives a characterization of the asymptotic limit AT associated to a contraction T that is similar to a normal operator (Theorem 2). Extensions from contractions to power bounded operators intertwined to a contraction with a \({\mathcal{C}_{0}}\). completely nonunitary part (not necessarily a normaloid contraction) are considered as well (Theorem 1). It is also given a characterization of the asymptotic limit AT for a hyponormal contraction T, and it is shown that if a hyponormal contraction has no nontrivial invariant subspace, then one of the defect operators is not finite-rank (Corollary 1).Mathematics Subject ClassificationPrimary 47A1547A45Secondary 47B1547B20
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