Photoreceptors of the vertebrate retina hyperpolarize in response to light. The hyperpolarization elicited by a brief flash is approximately ten times slower in rods than in cones of the same retina. We have examined the amplification and temporal properties of synaptic transfer of rod and cone signals to a common postsynaptic element, the horizontal cell. We find that the kinetics of signal transfer at these chemical synapses parallels the speed of the light-evoked signals themselves.