Collegiate wrestlers (N = 12) consumed a formula, hypoenergy diet(18 kcal·kg-1, 60% carbohydrate) without dehydration for 72 h. For the next 5 h, the athletes were fed either a 75% (HC) or a 47% (MC) carbohydrate formula diet of 21 kcal·kg-1. Each wrestler performed three anaerobic arm ergometer performance tests (TEST1, before weight loss; TEST2, after weight loss; TEST3, after refeeding). Blood withdrawn just before and after each test was analyzed for pH, bicarbonate, base excess, glucose, and lactate. Both groups had a similar significant reduction in total work done during TEST2 (92.4% of TEST1). Work done in TEST3 by HC was 99.1% of TEST1 while MC did 91.5% of their initial work (P= 0.1). Peak power was unaffected by the treatment. Plasma lactate significantly increased during the performance test from 1.72 to 21.91 mmol·l-1 as did plasma glucose from 4.88 to 5.25 mmol·l-1 when groups and trials were collapsed. Lactate accumulation was diminished during TEST2 compared with the other tests. Although the exercise bout reduced pH, bicarbonate, and base excess, there was no difference in the effect by group. In conclusion, weight loss by energy restriction significantly reduced anaerobic performance of wrestlers. Those on a high carbohydrate refeeding diet tended to recover their performance while those on a moderate carbohydrate diet did not. The changes in performance were not explained by the acid/base parameters measured.