This comparison of the binding characteristics and pharmacology of 1,4-dihydropyridines indicates that the high-affinity binding sites studied in cardiac and smooth muscle cells represent a major site of action of these drugs, and that this site is the Ca2+ channel or a closely related protein. Electrophysiological studies suggest that the effects of both Ca2+ channel inhibitors and activators are voltage dependent. The apparent lack of agreement between the equilibrium dissociation constants for [3H]1 ,4-dihydropyridines and their potency in cardiac muscle may be due to conformational modifications that occur in the 1,4-dihydropyridine binding site as a result of voltage or other changes during membrane isolation. The selective effect of 1 ,4-dihydropyridines for vascular smooth muscle relative to cardiac muscle may be explained, in part, by differences in membrane potentials and Ca2+ channel regulatory mechanisms and, in part, by differences in receptor structure. 1,4-Dihydropyridine antagonists and activators appear to bind to a common site that is not the same as the binding site for nondihydropyridine Ca2+ channel antagonists.