About a quarter of the Martian atmospheric mass is exchanged between the atmosphere and the polar caps in the course of a Martian year: CO2 condenses to form (or add to) the polar caps in winter and sublimes into the atmosphere in summer. This paper studies the effect of this CO2 mass redistribution on Martian rotation and gravitational field. Two mechanisms are examined: (1) the waxing and waning of solid CO2 in the polar caps and (2) the geographical distribution of gaseous CO2 in the atmosphere. In particular, the net peak-to-peak changes in J2 and J3 over a Martian year are both found to be as much as ~6¿10-9. A simulation suggests that these changes may be detected by the upcoming Mars Observer under favorable but realistic conditions. ¿American Geophysical Union 1990