A fundamental question in protein folding is whether the coil to globule collapse transition occurs during the initial stages of folding (burst-phase) or simultaneously with the protein folding transition. Single molecule fluorescence resonance energy transfer (FRET) and small angle X-ray scattering (SAXS) experiments disagree on whether Protein L collapse transition occurs during the burst-phase of folding. We study Protein L folding using a coarse-grained model and molecular dynamics simulations. The collapse transition in Protein L is found to be concomitant with the folding transition. In the burst-phase of folding, we find that FRET experiments overestimate radius of gyration, $R_g$, of the protein due to the application of Gaussian polymer chain end-to-end distribution to extract $R_g$ from the FRET efficiency. FRET experiments estimate $approx$ 6AA decrease in $R_g$ when the actual decrease is $approx$ 3AA on Guanidinium Chloride denaturant dilution from 7.5M to 1M, and thereby suggesting pronounced compaction in the protein dimensions in the burst-phase. The $approx$ 3AA decrease is close to the statistical uncertainties of the $R_g$ data measured from SAXS experiments, which suggest no compaction, leading to a disagreement with the FRET experiments. The transition state ensemble (TSE) structures in Protein L folding are globular and extensive in agreement with the $Psi$-analysis experiments. The results support the hypothesis that the TSE of single domain proteins depend on protein topology, and are not stabilised by local interactions alone.
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