Diurnal and seasonal changes in photosynthetic characteristics, leaf area dry mass (ADM), and reducing sugar and total chlorophyll (Chl) contents of leaves of Frantoio, Leccino, and Maurino olive cultivars were investigated in Central Italy. Leaf net photosynthetic rate (PN) per unit leaf area changed during the growing season and during the day, but the cultivar did not significantly influence the changes. In both young and one-year-old leaves the highest PN values were observed in October, while the lowest values were recorded in August and December; during the day the highest PN values were generally found in the morning. The pattern of photosynthetic response to photosynthetic photon flux density (PPFD) of leaves was similar in the three genotypes. Sub-stomatal CO2 concentration (CI) tended to increase when PN decreased. The increase in CI was accompanied by a stomatal conductance to water vapor (gS) decrease. In general, PN and dark respiration rate (RD) were correlated. Transpiration rate (E), with no differences between the cultivars, increased from April to July, decreased greatly in August, then increased in October and finally decreased again in December. Leaf water content increased from April to June, remained high until mid July, decreased significantly in August, remaining constant until December with no differences associated with the cultivar. In both young and one-year-old leaves, the leaf water content per unit leaf area was slightly greater in Frantoio than in the other two cultivars. The one-year-old leaves had a higher Chl content than the young ones. The cultivar did not substantially influence the leaf reducing sugar content which decreased from April to August, when it reached the lowest level, then increased rapidly until October. During the day the reducing sugar content did not change significantly. The leaf ADM was slightly higher in Frantoio than in the other cultivars and one-year-old leaves had higher values than the young ones. Leaf ADM decreased from April to June and then tended to increase until December. During the day there were no substantial variations. and P. Proietti, F. Famiani.