Carbon dioxide (CO2) and methane (CH4) exchange between the atmosphere and a subalpine wetland located in Rocky Mountain National Park, Colorado, at 3200 m elevation were measured during 1996--1998. Respiration, net CO2 flux, and CH4 flux were measured using the closed chamber method during snow-free periods and using gas diffusion calculations during snow-covered periods. The ranges of measured flux were 1.2--526mmolCO2m-2d-1 (respiration), -1056--100mmolCO2m-2d-1 (net CO2 exchange), and 0.1--36.8mmolCH4m-2d-1 (a positive value represents efflux to the atmosphere). Respiration and CH4 emission were significantly correlated with 5 cm soil temperature. Annual respiration and CH4 emission were modeled by applying the flux-temperature relationships to a continuous soil temperature record during 1996--1998. Gross photosynthesis was modeled using a hyperbolic equation relating gross photosynthesis, photon flux density, and soil temperature. Modeled annual flux estimates indicate that the wetland was a net source of carbon gas to the atmosphere each of the three years: 8.9 mol C m-2 yr-1 in 1996, 9.5 mol C m-2 yr-1 in 1997, and 9.6 mol C m-2 yr-1 in 1998. This contrasts with the long-term carbon accumulation of ~0.7 mol m-2 yr-1 determined from 14C analyses of a peat core collected from the wetland. ¿ 2001 American Geophysical Union