The hemopoietic stem cell (HSC) compartment encompasses cell subsets with heterogeneous proliferative and developmental potential. Numerous CD34− cell subsets that might reside at an earlier stage of differentiation than CD34+ HSCs have been described and characterized within human umbilical cord blood (UCB). We identified a novel subpopulation of CD34−CD133−CD7−CD45dimlineage (lin)− HSCs contained within human UCB that were endowed with low but measurable extended long-term culture-initiating cell activity. Exposure of CD34−CD133−CD7−CD45dimlin− HSCs to stem cell factor preserved cell viability and was associated with the following: 1) concordant expression of the stem cell-associated Ags CD34 and CD133, 2) generation of CFU-granulocyte-macrophage, burst-forming unit erythroid, and megakaryocytic aggregates, 3) significant extended long-term culture-initiating cell activity, and 4) up-regulation of mRNA signals for myeloperoxidase. At variance with CD34+lin− cells, CD34−CD133−CD7−CD45dimlin− HSCs maintained with IL-15, but not with IL-2 or IL-7, proliferated vigorously and differentiated into a homogeneous population of CD7+CD45brightCD25+CD44+ lymphoid progenitors with high expression of the T cell-associated transcription factor GATA-3. Although they harbored nonclonally rearranged TCRγ genes, IL-15-primed CD34−CD133−CD7−CD45dimlin− HSCs failed to achieve full maturation, as manifested in their CD3−TCRαβ−γδ− phenotype. Conversely, culture on stromal cells supplemented with IL-15 was associated with the acquisition of phenotypic and functional features of NK cells. Collectively, CD34−CD133−CD7−CD45dimlin− HSCs from human UCB displayed an exquisite sensitivity to IL-15 and differentiated into lymphoid/NK cells. Whether the transplantation of CD34−lin− HSCs possessing T/NK cell differentiation potential may impact on immunological reconstitution and control of minimal residual disease after HSC transplantation for autoimmune or malignant diseases remains to be determined.