This study aimed to identify the mechanisms of the hypolipidemic action of the selective estrogen receptor modulator (SERM) acolbifene (ACOL). Four weeks of treatment with ACOL reduced fasting and postprandial plasma triglycerides (TGs), an effect associated with lower VLDL-TG secretion rate ( ؊ 25%), and decreased mRNA of microsomal triglyceride transfer protein (MTP; ؊ 29%). ACOL increased liver TG concentration ( ؉ 100%) and amplified the feeding-induced increase in the master lipogenic regulators sterol-regulatory element binding protein-1a (SREBP-1a) and SREBP-1c. ACOL decreased total, HDL, and non-HDL cholesterol (CHOL) by 50%. SREBP-2 mRNA and HMG-CoA reductase activity were minimally affected by ACOL. However, in the fasted state, liver concentration of scavenger receptor class B type I (SR-BI) protein, but not mRNA, was 3-fold higher in ACOL-treated than in control animals and correlated with plasma HDL-CHOL levels ( r ؍ 0.80, P Ͻ 0.002). Liver LDL receptor (LDLR) protein, but not mRNA, was increased 2-fold by ACOL, independently of the nutritional status. This study demonstrates that ACOL possesses the unique ability among SERMs to reduce VLDL-TG secretion, likely by reducing MTP expression, and strongly suggests that the robust hypocholesterolemic action of ACOL is related to increased removal of CHOL from the circulation as a consequence of enhanced liver SR-BI and LDLR abundance. The concerns raised by the Women's Health Initiative Study regarding the health risks/benefits of hormone replacement therapy in postmenopausal women (1-3) strengthen the interest in evaluating the metabolic properties of other steroids as well as selective estrogen receptor modulators (SERMs) to improve the quality of life of this population. The estrogen antagonist acolbifene (ACOL; EM-652.HCl) is a SERM that was developed for the prevention and treatment of estrogen-sensitive cancers (4, 5). The compound behaves as a highly potent and pure antiestrogen in human breast and uterine cancer cells in vitro as well as in vivo in nude mice (4, 5). ACOL binds selectively to both the ␣ and  types of estrogen receptors (6). Despite its pure antiestrogenic activity in the mammary gland and endometrium, ACOL can be classified as a SERM based on some estrogen-like properties, such as prevention of bone loss, decreasing plasma lipids (7-9), and reduction in body weight (mostly fat) gain (9, 10) in animal models. Therefore, ACOL shares actions on energy balance and lipemia with other steroids, such as various anticarcinogenic agents (11-15) and dehydroepiandrosterone (16)(17)(18)(19).One of the most striking actions of ACOL in rodent models is its robust hypolipidemic action. In rats, a triglyceride (TG)-lowering action has been reported in freely fed rats treated for 9 months with the ACOL prodrug EM-800 (8). Also, ACOL was found not to increase triglyceridemia, compared with estradiol treatment, in ovariectomized rats (10). Therefore, ACOL may beneficially affect triglyceridemia, at least under some conditions, an effect ...