In mammals, L-thyroxine (T4) and 3,3’,5-L-triiodothyronine (T3) are reabsorbed by a tubular transport mechanism of high capacity. We investigated the first step of this reabsorptive process. In experiments using rabbit renal apical membrane vesicles, measurements of [125I] T3 uptake at steady state indicated that uptake represented mainly membrane binding. Luminal binding sites showed equal affinity for T3 and T4, whereas their nonphysiological D-forms have only a 10% effectiveness in competing with T3. The presence of a Na+ or a H+ symport pathway for T3 in these vesicles could not be demonstrated. Incubation of freshly isolated proximal tubules in hyperosmolar medium, a maneuver known to inhibit endocytosis, led to rapid (2 min) inhibition of specific T3 uptake. This effect was associated with a decrease in enriched intracellular membrane fractions in the levels of leucine aminopeptidase, a luminal marker, but with no change in the levels of Na/K ATPase, a basolateral marker, suggesting that hyperosmolarity reduces internalization of the apical membrane domain. These findings suggest that receptor-mediated endocytosis may be one pathway for the initial step in thyroid hormone reabsorption by the proximal tubule.