Hormone-sensitive lipase (HSL) contributes importantly to the hydrolysis of cholesteryl ester in steroidogenic tissues, releasing the cholesterol required for adrenal steroidogenesis. HSL has broad substrate specificity, because it hydrolyzes triacylglycerols (TAGs), diacylglycerols, monoacylglycerols, and cholesteryl esters. In this study, we developed a specific cholesterol esterase assay using cholesterol oleate (CO) dispersed in phosphatidylcholine and gum arabic by sonication. To continuously monitor the hydrolysis of CO by HSL, we used the pH-stat technique. For the sake of comparison, the hydrolysis of CO dispersion was also tested using other cholesteryl ester-hydrolyzing enzymes. The specific activities measured on CO were found to be 18, 100, 27, and 3 mol/min/mg for HSL, cholesterol esterase from Pseudomonas species, Candida rugosa lipase-3, and cholesterol esterase from bovine pancreas, respectively. The activity of HSL on CO is ف 4-to 5-fold higher than on long-chain TAGs. In contrast, with all other enzymes tested, the rates of TAG hydrolysis were higher than those of CO hydrolysis. The relatively higher turnover of HSL on CO observed in vitro adds further molecular insight on the physiological importance of HSL in cholesteryl ester catabolism in vivo. Thus, HSL could be considered more as a cholesteryl ester hydrolase than as a TAG lipase. FFAs are an important source of energy in mammals. Hormone-sensitive lipase (HSL) is thought to play a crucial role in the mobilization of FFAs from the triacylglycerols (TAGs) stored in adipocytes (for review, see 1). In vivo, HSL is activated by phosphorylation via cAMP-dependent kinase in response to various lipolytic hormones, such as catecholamines. Phosphorylation of HSL leads to its translocation from the cytoplasm to the lipid droplet (2). Insulin acts as an antilipolytic hormone by phosphorylating and activating phosphodiesterase 3B, which hydrolyzes cAMP and thus reduces the hydrolysis of TAG (1) by HSL. In addition to adipocytes, HSL is expressed in other tissues (3), including skeletal muscle, heart, brain, pancreatic  cells, adrenal gland, ovaries, testes, and macrophages (1).HSL also plays an important role in the mobilization of cholesterol from cholesteryl ester. Cholesteryl esters provide the cholesterol required for steroid synthesis in steroidogenic tissues, such as the adrenal cortex. The level of cholesteryl ester hydrolase activity in the adrenals of HSLnull mice has been found to be reduced by more than 98% compared with that in wild-type mice, which suggests that HSL is mainly responsible for the hydrolysis of most of the cholesteryl esters present in this tissue and that it is involved in the intracellular processing of the cholesterol required for adrenal steroidogenesis (4, 5). Furthermore, evidence has been presented in various studies (6, 7) that HSL contributes importantly to the hydrolysis of most of the cholesteryl esters present in macrophage foam cells. However, Contreras (8) has reported that cholesteryl esters from...