The activity of phosphatidylinositol phosphodiesterase, purified from rat brain, against substrate in three forms, (a) multibilayer liposomes, (b) singlebilayervesiclesof phosphatidylinositol and (c) phosphatidylinositol oriented as monolayers at the akr-water interface, was examined. The reaction rate was similar against the two substrate dispersions prepared with the same phospholipid concentration, although there was a large difference in substrate surface area available to the enzyme, and this similarity could not be accounted for by any differences in the microviscosity of the hydrocarbon region of the phospholipid bilayers. The reaction showed apparent zero-order reaction kinetics until about 10% of the substrate had been degraded, whereupon the rate decreased. The reaction against monolayers ofphosphatidylinositol was linear throughout the entire digestion of the film, provided that more than 0.25 mg ofenzyme was present in the subphase. The pH optimum was 6.6. Bivalent ions (Ca2+, Mg2+, Co2+, Ni2+ and Mn2+) facilitated enzyme penetration into substrate monolayers, but the enzyme was only activated by Ca2+ (optimal concentration, 1 mM) and to a lesser extent by Mg2+. The reaction rate was independent of initial surface pressures of less than about 22niN m-but at higher pressures the rate decreased. This decrease could be prevented by the addition of lOmol of octadecylamine/ 90mol of phosphatidylinositol to the substrate monolayer; the amine did not increase the rate of reaction in films of less than 22mN m 1.Phosphatidylinositol phosphodiesterase is an enzyme found widely distributed among various tissues from a number of different species, The enzyme from mammalian tissues cleaves phosphatidylinositol into diacylglycerol and inositol monophosphate (Dawson, 1959;Kemp et al., 1961; Atherton & Hawthome, 1968;Friedel et al., 1969