Despite the fundamental importance that digestion, absorption, and subsequent trafficking of dietary fat, fat soluble vitamins, and cholesterol play in health and disease, details of the molecular events involved in these processes remain poorly described. Dietary lipids, such as triacylglycerol (TAG), 4 phospholipids, cholesteryl esters, and retinyl esters must be cleaved by intestinal hydrolases before absorption. Thus, lipid hydrolases derived from the pancreas are central in the digestion and absorption of these dietary components. The most abundant lipolytic enzymes secreted by the pancreas include pancreatic triglyceride lipase (PTL) and carboxyl ester lipase (CEL, formerly named cholesterol esterase). The principal enzyme involved in the hydrolysis of dietary TAG, thereby mediating its absorption, has generally been accepted as PTL. In contrast, the major role of CEL in the digestive tract is generally ascribed to digestion of cholesteryl esters and retinyl esters before their absorption.Recent studies with genetically modified mouse models designed to critically examine the role of pancreatic lipolytic enzymes in lipid digestion and transport revealed some unexpected findings. First, TAG absorption was altered very little, but free cholesterol absorption was reduced substantially in PTL Ϫ/Ϫ mice (1). Second, whereas CEL Ϫ/Ϫ mice displayed dramatically reduced cholesteryl ester hydrolysis and absorption as expected (2), retinyl ester digestion and absorption were similar between CEL ϩ/ϩ and CEL Ϫ/Ϫ mice (3). The decrease in cholesterol absorption observed in the PTL Ϫ/Ϫ mice was attributed to PTL deficiency delaying dietary fat absorption to the distal small intestine (ileum) where intestinal cholesterol uptake is less efficient (4, 5). However, the nearly normal absorption of TAG and retinyl esters in PTL Ϫ/Ϫ and CEL Ϫ/Ϫ mice suggested that more than one enzyme participates in the digestion of these lipids in vivo. In vitro studies examining lipolytic activities in pancreatic extracts from PTL Ϫ/Ϫ and CEL Ϫ/Ϫ mice provided insights to the identity of enzymes responsible for TAG and retinyl ester hydrolysis. In these studies pancreatic extracts from PTL Ϫ/Ϫ mice were shown to contain robust TAG hydrolytic activity, albeit at lower levels than those observed in pancreatic extracts from wild type mice. Importantly, the TAG hydrolytic activity in PTL Ϫ/Ϫ pancreas was dependent on the presence of taurocholate, whereas taurodeoxycholate was found to be ineffective (1). This selectivity of trihydroxylated bile salt for TAG hydrolytic activity in PTL Ϫ/Ϫ pancreas is consistent with the trihdroxy-but not dihydroxy-bile salt dependence of CEL (6), thus * This work was supported by National Institutes of Health Grant DK067416.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.