Background. Exercise performance remains limited in some patients after heart transplantation (HTx). The goal of this study was to assess for association between cardiopulmonary exercise test performance at 1 year after HTx and future development of cardiac allograft vasculopathy (CAV). Methods. Overall 243 HTx recipients performed cardiopulmonary exercise testing at 1 year after HTx. During the median follow-up period of 31 (interquartile range 19;61) months, 76 (32%) patients were diagnosed with CAV (CAV group). Results. The CAV group patients had lower exercise capacity (5.2 +/- 1.9 versus 6.5 +/- 2.2 metabolic equivalents;P= 0.001) and duration (9.6 +/- 3.5 versus 11.4 +/- 4.8 min;P= 0.008), lower peak oxygen consumption (VO2) (18.4 +/- 5.4 versus 21.4 +/- 6.1 mL/kg/min;P= 0.0005), lower normalized peak VO2(63% +/- 18% versus 71% +/- 19%;P= 0.007), and higher minute ventilation (VE)/carbon dioxide production (VCO2) (34 +/- 5 versus 32 +/- 5,P= 0.04). On Cox proportional hazards regression analysis, normalized peak VO2 <= 60%, and VE/VCO2 >= 34 were associated with a high hazard for CAV (HR = 1.8 [95% CI 1.10-4.53,P= 0.03] and 2.5 [95% CI 1.01-8.81,P= 0.04], respectively). The subgroup of patients with both normalized peak VO2 <= 60% and VE/VCO2 >= 34 was at highest risk for development of CAV (HR = 5.2, 95% CI 2.27-15.17,P= 0.001). Conclusions. Normalized peak VO2 <= 60% and VE/VCO2 >= 34 at 1 year after HTx are associated with the development of CAV.