The nature and severity of mitral/tufted (M/T) cells reactions to odorants presented in anesthesia depend on various factors, and, above all, the nature and concentration of the odor, anesthesia, and the functional state of the olfactory bulb (OB). Compared to wakefulness, under anesthesia, the intensity of OB M/T cells responses to the odorants presented increases. However, the influence of anesthesia dynamics on the intensity of such responses has not been studied. To address this problem in rats, the activity of M/T cells and the local field potentials (LFP) in OB were recorded in the course of xylazine-tiletamine-zolazepam (XTZ) anesthesia. It has been shown that in the course of the anesthesia, the average frequency of background and odorant-induced single-unit activity of M/T cells increases, while the dominant frequency value of LFP in the gamma frequency range (90–170 Hz), on the contrary, decreases. The observed effects are assumed to be associated with changes in the functional state of the OB and systems for processing olfactory information in anesthesia.