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Climate change will alter global precipitation patterns, making it increasingly important that we understand how ecosystems will be impacted by more frequent and severe droughts. Yet most drought studies examine a single, within-season drought, and we know relatively little about the impacts of multiple droughts that occur within a single growing season. This distinction is important because many plant species are able to acclimate physiologically, such that the effects of multiple droughts on ecosystem function deviate significantly from the effects of cumulative, independent droughts. Unfortunately, we know relatively little about the ability of dominant species to acclimate to drought in drought-sensitive ecosystems like semi-arid grasslands. Here, we tested for physiological acclimation to multiple drought events in two dominant shortgrass steppe species: Bouteloua gracilis (C4) and Elymus elymoides (C3). Neither species exhibited physiological acclimation to drought; leaf water potential, stomatal conductance, and photosynthesis rates were all similarly affected by a single, late period drought and a second, late period drought. Biomass was lowest in plants exposed to two droughts, but this is likely due to the cumulative effects of both an early and late period drought. Our results suggest that late period droughts do exert weaker effects on biomass production of two dominant shortgrass species, but that the weaker effects are due to ontogenetic changes in plant physiology as opposed to physiological acclimation against multiple droughts. As a consequence, current ecosystem models that incorporate grass phenology and seasonal physiology should provide accurate predictions of primary production under future climates. [ABSTRACT FROM AUTHOR]