The yeast plasma membrane H؉ -ATPase Pma1p is one of the most abundant proteins to traverse the secretory pathway. Newly synthesized Pma1p exits the endoplasmic reticulum (ER) via COPII-coated vesicles bound for the Golgi. Unlike most secreted proteins, efficient incorporation of Pma1p into COPII vesicles requires the Sec24p homolog Lst1p, suggesting a unique role for Lst1p in ER export. Vesicles formed with mixed Sec24p-Lst1p coats are larger than those with Sec24p alone. Here, we examined the relationship between Pma1p biosynthesis and the requirement for this novel coat subunit. We show that Pma1p forms a large oligomeric complex of >1 MDa in the ER, which is packaged into COPII vesicles. Furthermore, oligomerization of Pma1p is linked to membrane lipid composition; Pma1p is rendered monomeric in cells depleted of ceramide, suggesting that association with lipid rafts may influence oligomerization. Surprisingly, monomeric Pma1p present in ceramide-deficient membranes can be exported from the ER in COPII vesicles in a reaction that is stimulated by Lst1p. We suggest that Lst1p directly conveys Pma1p into a COPII vesicle and that the larger size of mixed Sec24pLst1p COPII vesicles is not essential to the packaging of large oligomeric complexes.An essential protein of the yeast plasma membrane is the H ϩ -ATPase Pma1p. At steady state, it composes Ͼ25% of the total protein at the plasma membrane, where it generates a proton gradient that maintains the intracellular pH and drives the import of nutrients (1). Pma1p spans the lipid bilayer with 10 transmembrane segments and belongs to the family of P 2 -type ATPases, which includes the Na ϩ ,K ϩ -ATPases and Ca 2ϩ -ATPases of the mammalian plasma membrane (2, 3).As with other integral membrane proteins destined for the plasma membrane, Pma1p is translocated into the endoplasmic reticulum (ER) 1 and travels through a series of transport vesicles to its final destination (4, 5). En route, Pma1p and the glycosylphosphatidylinositol-anchored protein Gas1p become associated with lipid rafts (6, 7). Interestingly, raft association of Gas1p initiates in the ER (6), unlike in mammalian cells, where glycosylphosphatidylinositol-anchored proteins enter rafts in post-ER compartments (8, 9). Exit out of the ER is mediated by COPII (coat protein complex II) vesicles, a universal mechanism in eukaryotes employing a set of cytoplasmic coat proteins (10). Budding is regulated by the small G-protein Sar1p, which recruits two complexes, Sec23p-Sec24p and Sec13p-Sec31p (10 -12). Assembly of these three components on the surface of liposomes is sufficient to deform the lipid bilayer to generate small coated vesicles (11). On the ER membrane, Sar1p and Sec23p-Sec24p promote the capture of a number of cargo proteins, suggesting that Sec23p-Sec24p may function to selectively engage cargo proteins during coat assembly (13,14).Homologs of Sec24p have been identified in yeast and mammals (15, 16) and may act to diversify the range of cargo proteins recruited into a nascent vesicle. In yeast...