Considerable evidence has been accumulated which indicates that a large proportion of the sera from patients with rheumatoid arthritis contains a factor which has the property of agglutinating particulate bodies such as red blood cells or latex particles when they are coated with -y-globulin or antibodies. Some of these reactions have been employed as diagnostic procedures and the factor or group of factors involved has been termed the "rheumatoid factor." A number of observations (1, 2) have demonstrated that the rheumatoid factor is a y-globulin with the solubility properties of a euglobulin. More recently, ultracentrifuge experiments (3, 4) have indicated that the rheumatoid factor is a high molecular weight -y-globulin that exists in serum and plasma in the form of a complex. This complex can be visualized directly by means of the analytical ultracentrifuge in whole serum and in -y-globulin and euglobulin fractions and has a corrected sedimentation rate (s rate) of approximately 22S. Previous studies (4, 5) on the dissociation of the 22S complex by means of acid and urea have demonstrated that it is composed of two major constituents, one a 7S component and'the other 19S. The latter was found to be highly active by the serological reactions for rheumatoid factor. The rheumatoid factor thus appeared to belong to the 19S class of y-globulins which is known to include certain antibodies as well as the Waldenstrom type macroglobulins (6, 7).Considerable purification of the rheumatoid factor has been achieved by cellulose ion exchange chromatography (8,9), by elution from pneumococcus-antipneumococcus complexes (10), by elution from sensitized sheep cells (11), by ultrafiltration with membranes of graded porosity (12), and by preparative ultracentrifugation (4, 13), but isolation in sufficient amounts to determine the complete physical and chemical properties of the rheumatoid factor has not been reported. The observations that rheumatoid factor precipitated directly with y-globulin (14) which had been aggregated by the procedures of isolation or heating at 630C. for 10 minutes (3, 13) offered a method of ready concentration from large volumes of serum. Furthermore the direct visualization of rheumatoid factor in the ultracentrifuge offered a means of observing purification particularly from certain unique sera where it represented a substantial portion of the total y-globulin.In the present study rheumatoid factor has been obtained in a high state