This study aimed to determine physiologically relevant kinetic and allosteric effects of Pi, AMP, ADP, and caffeine on isolated skeletal muscle glycogen phosphorylase a (Phos a). In the absence of effectors, Phos a had V max = 221 ± 2 U/mg and K m = 5.6 ± 0.3 mM Pi at 30°C. AMP and ADP each increased Phos a V max and decreased K m in a dose-dependent manner. AMP was more effective than ADP (e.g., 1 μM AMP vs. ADP: V max = 354 ± 2 vs. 209 ± 8 U/mg, and K m = 2.3 ± 0.1 vs. 4.1 ± 0.3 mM). Both nucleotides were relatively more effective at lower Pi levels. Experiments simulating a range of contraction (exercise) conditions in which Pi, AMP, and ADP were used at appropriate physiological concentrations demonstrated that each agent singly and in combination influences Phos a activity. Caffeine (50–100 μM) inhibited Phos a( K m ∼8–14 mM, ∼40–50% reduction in activity at 2–10 mM Pi). The present in vitro data support a possible contribution of substrate (Pi) and allosteric effects to Phos a regulation in many physiological states, independent of covalent modulation of the percentage of total Phos in the Phos a form and suggest that caffeine inhibition of Phos a activity may contribute to the glycogen-sparing effect of caffeine.