The dynamics of a finite set of relevant observables, associated to a Hamiltonian of a three level system is analized in connection with the quantum Zeno effect. Since we use the Hamiltonian that completely describes the physical situation related to the experiment under study (W.M. Itano et al, Phys. Rev. A41, 2295 (1990)), no reduction or collapse of the wave function is required to describe the quantum Zeno effect.