Magnetic resonance techniques have been applied to study the stability of the complexes formed between Mn(II) ions and NADP in aqueous solutions at a pH of 7.5 and 20 °C. The electron paramagnetic resonance (epr) data indicate that at low Mn(II) ion concentrations ([Mn(II)] < 1 mM; [NADP] ~ 5 mM), a 1:1 complex is formed with an apparent stability constant K1 = 370 ± 50 M−1 at an ionic strength of 0.22 in the presence of 0.20 M Cl−. At high Mn(II) ion concentrations, a Mn(II)2 –NADP species, with an apparent stability constant K2 = 54 ± 17 M−1, is present in significant amounts. When the epr data are corrected for the presence of the MnCl+ ion, the analysis of the new Scatchard plot yields stability constants for the two sites of K1 = 640 ± 90 M−1 and K2 = 88 ± 13 M−1 respectively. The presence of two metal ion binding sites on the NADP molecule has not been observed previously, and previous workers have always analyzed their data in terms of the 1:1 Mn(II)–NADP complex. An epr temperature study of K1 yields a value of ΔH equal to 1.3 ± 0.2 kcal/mol (1 cal = 4.187 J).