Eukaryotic RNA polymerases I, II, and III (Pol I, Pol II, Pol III) are structurally distinct, transcribe distinct sets of genes in conjunction with distinct sets of general initiation factors, and respond to largely distinct gene-specific activators (for review, see Zawel and Reinberg 1995;Roeder 1996a). Despite these differences, some mechanistic similarities are apparent. The three RNA polymerases share five common subunits and other subunits that are highly related (Woychik et al. 1990;McKune et al. 1995;Shpakovski et al. 1995), whereas the TATA-binding protein (TBP) is shared by three RNA polymerase type-specific accessory factors (Struhl 1994). Studies with isolated components have shown ordered pathways for the assembly of RNA polymerases and cognate initiation factors into active preinitiation complexes (for review, see Zawel and Reinberg 1995;Roeder 1996a). In addition, there is a parallel between RNA Pol II recruitment by interaction with the TFIIB component of a TFIIB-TFIID-promoter complex (for review, see Roeder 1996b) and RNA Pol III recruitment by interaction with a TFIIB-related component of a TFIIIB-TFIIIC-promoter complex (Werner et al. 1993; Wang and Roeder 1997).Although the stepwise assembly of functional preinitiation complexes is readily demonstrated in vitro, recent studies have identified large complexes (RNA Pol II ''holoenzymes'') that contain RNA Pol II, some or all of the general initiation factors, and various cofactors (Kim et al.