Bovine pancreatic carboxypeptidase B contains a single thiol group which binds zinc to the apoenzyme. This thiol group does not react with sulfhydryl reagents unless zinc is first removed. This can be accomplished either by exposure to chelating agents such as 1,10-phenanthroline or by denaturation. When zinc is removed by exposure to 1,10-phenanthroline, readdition of the metal to the apoenzyme restores both peptidase and esterase activities to the degree expected from the fraction of free thiol present in the apoenzyme. Partial blocking of the thiol group, by reaction with iodoacetamide, prevents reconstitution of Bovine pancreatic carboxypeptidases A (Neurath and Schwert, 1950) and B (Wintersberger et al., 1962) differ in substrate specificity and in amino acid composition but resemble each other in several physicochemical characteristics. In particular, bovine carboxypeptidase B (Cox et al., 1962), like the comparable enzyme from porcine pancreas (Folk et al., 1960) and bovine carboxypeptidase A (Vallee and Neurath, 1955), contains 1 g-atom of zinc per mole of enzyme (mw approximately 34,500). The metal is essential for the catalytic function of each of these enzymes. Removal of the zinc atom has resulted in the identification of the metal-binding site of carboxypeptidase A (Vallee et al., 1960a). A number of approaches all led to the conclusion that the sole free cysteine residue (Vallee et al., 1960b) and a nitrogen donor, probably the alamino group of the N-terminal residue (Coleman and Vallee, 1961;Coombs et al., 1964), bind the zinc atom to the apoenzyme of carboxypeptidases and 5. The zinc-binding cysteinyl peptide has been isolated (Walsh et al., 1962) and a preliminary report of its amino acid *