A recent study demonstrated that Cu-'÷-mediated oxidation of high density hpoprotein (HDL) resulted in a loss of the capacity to red uce cholesterol from macrophag¢ foam c¢11~ [(1991) Prec. Natl. Acad. Sol. USA 88, 6457-6461] In the pre~ent ~tudy we characterized the physicochemicai properties of oxidmed HDL and correlated them with the ligand activity toward the HDL receptor. Among them. the cross-linking of apolipoproterns and an increase m hp,d peroxides were characteristic and closely s,milar to those of tetranitromelhar~e-treated HDL, an abortive Iigand for the HDL receptor. Cellular experiments wtth marine peritoneal macrophages revealed that both the cellular bmdmgaetlvlw of HDL and ,ts capacity to enhance cholesterol ¢fflu~ from macrophag¢ foam ceils were markedly reduced upon oxidation These results suggest that cross-linking of HDL apohpoprotems is involved in the loss of the ligand activity of oxidized HDL.