The phosphorylated inositol moiety is viewed as a fundamental signaling entity that the cell utilizes to generate combinatorially complex arrays of communication pathways with multiple functions (1). To list just a few examples, a 1,4,5-trisphosphate configuration yields a molecule (Ins(1,4,5)P 3 ) 2 that gates intracellular Ca 2ϩ channels (2). The 3,4,5,6-tetrakisphosphate of inositol (Ins(3,4,5,6)P 4 ) inhibits Cl Ϫ channel conductance (3). An inositol ring with six phosphates (InsP 6 ) enhances the activity of Dbp5, a key component of a molecular ratchet that winches mRNA out of the nucleus (4). Many additional biological activities have been attributed to these and other inositol phosphates (5-7).In the early 1990s, two groups working independently discovered a novel subgroup of the inositol phosphate signaling family in which diphosphate groups are added to Ins(1,3,4,5,6)P 5 and InsP 6 (8, 9), forming compounds that are now generally described as "inositol pyrophosphates" or "diphosphoinositol polyphosphates" (see Fig. 1) (10). These molecules have been reported to regulate vesicle trafficking (11), transcription (12), chemotaxis (13), telomere maintenance (14, 15), apoptosis (16, 17), and DNA repair (18) and to mediate environmental stress responses (19 -22). One of these inositol pyrophosphates, PP-InsP 5 , has been shown to directly phosphorylate-specific target proteins in a kinaseindependent manner (23).The importance of inositol pyrophosphates has meant that the molecular identification of all of the enzymes that synthesize and metabolize this group of molecules has been one of the key goals of this field of research in recent years. For example, the family of kinases that synthesize PP-InsP 4 and PP-InsP 5 (see Fig. 1) has already been cloned (24 -26). Specific phosphatases that hydrolyze the inositol pyrophosphates have also been cloned (27-29). However, the molecular identity of PPIP5K (E.C. 2.7.1.155; see Fig. 1), the enzyme that phosphorylates PPInsP 5 to (PP) 2 -InsP 4 , 3 has eluded researchers for 14 years. It has been observed in mammalian cell extracts (8, 9, 30, 31) but has not previously been cloned. Yet (PP) 2 -InsP 4 is a molecule of * This work was supported by grants from the Intramural Research Program of the NIEHS/National Institutes of Health. The costs of publication of this article were defrayed in part by the payment of page charges. This article must therefore be hereby marked "advertisement" in accordance with 18 U.S.C. Section 1734 solely to indicate this fact.