Heller (1937) Heller's (1937) conclusions that 'as the amount of hormone injected is increased the proportion of the hormone which is excreted in the urine decreases'. This would suggest that glomerular filtration might be a contributory factor, as the filtration rate of rabbits would be very small after large doses.More recently it has been found that in rats infused with amounts of vasopressin ranging from 300 to 1500 ,uU/100 g, the antidiuretic activity of the urine was equivalent to 8.1 + 1-23 % of the dose administered (Dicker, 1954).The antidiuretic activity present in the urine was unaffected by the height of the water load, and hence by changes in glomerular filtration or by the rate of urine flow. In hypophysectomized dogs, O'Connor (1951) showed that the rate of excretion of antidiuretic activity in the urine was equivalent to 12 % of the rate at which vasopressin was infused, and was, as in rats, independent of the volume of urine excreted. Finally, in man, the antidiuretic activity of the urine was found to be equivalent to 12-8 % of the amount of vasopressin infused (Noble & Taylor, 1953). There can thus be little doubt that the antidiuretic activity found in the urine could account for only 10 % of the activity of the vasopressin administered. Therefore vasopressin antidiuretic activity is largely destroyed in the body. This paper is concerned with the nature of this inactivation process, and incidentally demonstrates that the small amount of