In an effort to identify novel components of the PHO regulon in Saccharomyces cerevisiae, we have isolated and characterized suppressors of the Pho ؊ phenotype associated with deletion of the Pho4 transcriptional activator. Here we report that either a defective form of the Rsp5 E3 ubiquitin ligase or deletion of the End3 component of the endocytic pathway restores growth of the pho4⌬ mutant in the presence of limiting inorganic phosphate (P i ). The spa1-1 suppressor allele of RSP5 encodes a phenylalanine-to-valine replacement at position 748 (F748V) within the catalytic HECT domain of Rsp5. Consistent with suppression due to impaired ubiquitin ligase activity, the heat-sensitive growth defect of the spa1-1 mutant is suppressed either by overexpression of ubiquitin or by osmotic stabilization. Western blot analyses revealed that the cellular levels of the Pho87 and Pho91 low affinity P i are markedly increased in the spa1-1 mutant, yet Pho84 high affinity P i transporter levels are unaffected. Furthermore, Pho87 and Pho91 are ubiquitinated in vivo in an Rsp5-dependent manner, and the Pho ؉ phenotype of the spa1-1 suppressor is dependent upon Pho87 and Pho91. We conclude that turnover of the low affinity P i transporters is initiated by Rsp5-mediated ubiquitination followed by internalization and degradation by the endocytic pathway.The yeast Saccharomyces cerevisiae has evolved an elaborate system to sense, acquire, and store inorganic phosphate (P i ) in response to its availability in the extracellular environment (for review, see Refs. 1 and 2). The PHO system consists of (i) the Pho3, Pho5, Pho11, and Pho12 acid phosphatases that are localized to the periplasmic space, (ii) the Pho8 and Pho13 alkaline phosphatases that are localized to the vacuole and periplasm, respectively, (iii) the high affinity plasma membrane P i transporters Pho84 and Pho89, which are regulated in response to P i availability, and the low affinity, constitutively expressed P i transporters Pho87, Pho90, and Pho91, (iv) Git1, a transporter that scavenges glycerophosphoinositol derived from secreted phosphatidylinositol, thereby replenishing inositol, P i , and glycerol (3), and (v) the PHM proteins that are involved in the synthesis and breakdown of polyphosphate, a storage form of P i in the vacuole (for review, see Ref. 4).The PHO regulon is responsible for scavenging P i and has been most extensively studied with regard to regulation of PHO5 expression. The Pho84 transporter and the Pho80 -Pho85 cyclin/cyclin-dependent kinase are negative regulators of PHO5 transcription, whereas the Pho81 inhibitor of Pho80 -Pho85 and the Pho4 transcriptional activator are positive regulators. In the presence of high external concentrations of P i , Pho85 phosphorylates Pho4, resulting in Pho4 nuclear export via the Msn5 exportin and cytoplasmic retention such that PHO5 is repressed (5). Conversely, when P i concentrations are low, Pho81 inhibits Pho85 activity. Pho4 remains unphosphorylated and has high affinity for the Pse1 importin, resulting i...