The MCM2-7 complex, a hexamer containing six distinct and essential subunits, is postulated to be the eukaryotic replicative DNA helicase. Although all six subunits function at the replication fork, only a specific subcomplex consisting of the MCM4, 6, and 7 subunits (MCM467) and not the MCM2-7 complex exhibits DNA helicase activity in vitro. To understand why MCM2-7 lacks helicase activity and to address the possible function of the MCM2, 3, and 5 subunits, we have compared the biochemical properties of the Saccharomyces cerevisiae MCM2-7 and MCM467 complexes. We demonstrate that both complexes are toroidal and possess a similar ATP-dependent single-stranded DNA (ssDNA) binding activity, indicating that the lack of helicase activity by MCM2-7 is not due to ineffective ssDNA binding. We identify two important differences between them. MCM467 binds dsDNA better than MCM2-7. In addition, we find that the rate of MCM2-7/ssDNA association is slow compared with MCM467; the association rate can be dramatically increased either by preincubation with ATP or by inclusion of mutations that ablate the MCM2/5 active site. We propose that the DNA binding differences between MCM2-7 and MCM467 correspond to a conformational change at the MCM2/5 active site with putative regulatory significance.Cellular DNA is double-stranded, yet during DNA replication it must be separated into component single strands. Although DNA polymerases require a single-stranded DNA (ssDNA) 2 template for activity, they have little or no intrinsic ability to unwind double-stranded DNA (dsDNA; reviewed in Ref. 1). DNA unwinding requires an ATP-dependent molecular motor termed the replicative helicase (reviewed in Ref. 2). In both prokaryotes and eukaryotes, the loading and activation of this helicase is a central and limiting event during DNA replication. Initiation culminates in replicative helicase loading, whereas the start of elongation requires extensive separation of duplex DNA by the helicase (reviewed in Refs. 3 and 4). Despite the critical importance of the replicative helicase, both its exact identity and mechanism remain controversial in eukaryotes.Numerous studies implicate the minichromosome maintenance proteins (MCMs) as the replicative helicase. The MCMs are evolutionarily conserved from archaea to eukaryotes, with the archaea usually having a single MCM gene (5) and eukaryotes having six distinct and essential MCM genes (reviewed in Ref. 6). Each MCM protein (numbered 2-7) is an AAA ϩ ATPase, whose members include DNA helicases such as SV40 large T antigen and the papilloma virus E1 protein (7). Similar to prokaryotic replicative helicases (reviewed in Ref. 8), the six MCM subunits are both physically present in initiation and elongation complexes and functionally essential for both phases of DNA replication, evidence strongly suggesting that all six MCM subunits unwind DNA at the replication fork (reviewed in Ref.3).Despite in vivo similarities to other replicative helicases, biochemical examination of the MCM complex has provided confo...