In order to study the cortisol-binding factors in blood, human plasma was applied to a ll/]-hydroxy-3-oxo-4-androstene-17~l-carboxyaminoethylamine-(HACA) 1,4-butanediol diglycidyl ether-Sepharose column. Elution of the column with cortisol buffer produced two protein peaks, the minor peak yielded a protein complex of molecular weight ~200 kDa, subsequently termed hucolin. SDS-PAGE analysis under reducing and nonreducing conditions revealed hucolin was a disulphide-linked complex of 35-kDa and 75-kDa subunits. Twenty-five amino acid residues of the N-terminus of the 35-kDa subunit were determined and homology searches revealed an 88% sequence identity with the N-terminal region of ~-ficolin, a transforming growth factor-E1 (TGF-l~l)-binding protein purified from porcine uterus.