To facilitate a study of the transmembrane action current, the striated muscle spike potential was recorded against its first time derivative. The specialized recording methods are described, as well as several mathematical transformations between a coordinate system in V, t, and the present coordinate system in V, dV/dt. The particular properties of the present recording method permitted an estimation for the "sodium" potential in muscle fibers at +39 mv. The maximum membrane conductance during spike production is in the order of 150 to 200 mmhos/cm(2). The changes in the shape of the recorded response indicate that the ionic currents and membrane conductances are reduced by Tris buffer or hypertonic Ringer's fluid. However, no marked changes in the properties of active membrane were observed when chloride ion was replaced by sulfate.