Rat hepatocytes have the potential to secrete three similar acidic glycoproteins, serine protease inhibitors 1, 2 and 3 (SPI-1, SPI-2, SPI-3), recognized by the same antibodies. They were synthesized as precursors of comparable sizes (45 kDa), which were post-translationally modified by N-glycosylation at three (SPI-3) or four (SPI-1 and SPI-2) sites. This appeared to account for the size difference of mature proteins. The mRNA sequences, derived from cDNA clones, displayed a high degree of similarity (70-90%), except the sequence of the antiproteasereactive centers which were completely divergent. SPI-1 and SPI-2 mRNAs were of similar sizes (1.8 kb), and were smaller than that of SPI-3 (2.2 kb); the difference corresponded to a longer, 3'-end untranslated sequence. Production of SPI-1 and SPI-2, which was constitutive in the normal animal, could be abolished by hypophysectomy and was strongly decreased during acute inflammation. In contrast, production of SPI-3, which was barely detectable in normal rats, was transiently induced during inflammation.The family of serine proteinase inhibitors, referred to as serpins (for a review, see [l]), appears to display, from a functional point of view, a great deal of diversity. While many members of this continuously growing family (e. g. cc,-antitrypsin, ccl-antichymotrypsin, antithrombin 111, serine proteinase inhibitors, a,-antiplasmin, plasminogen activator inhibitor 1 and horse leukocyte elastase inhibitor) have the wellestablished property of inhibiting serine proteases by forming irreversible complexes in a 1 : 1 molar ratio with proteinases [2], several others are not proteinase inhibitors. This subclass includes precursors of biologically active peptides such as angiotensinogen [3,4], carrier proteins like thyroxine-binding protein [5] and corticosteroid-binding globulin 161, and proteins like ovalbumin [7] and the barley protein Z [S], which do not possess any well-defined function. Another interesting feature of the serpins is the fact that a variety of factors have been shown to control the expression of their genes. Thus, genes encoding ovalbumin and related proteins are regulated by steroid hormones [9], those encoding antiproteases that belong to the group of acute-phase proteins [lo, 111 are under the control of glucocorticoids and inflammatory cytokines (for a review, see [12]) and the gene encoding the plasminogen activator inhibitor type 1 is regulated by various effectors including hormones and growth factors (for a review, see 1131). Serine proteinase inhibitors (SPI), secreted by rat liver, represent a remarkable example of the aforementioned feature. Rat hepatocytes have been shown to secrete proteins Correspondence to A.