It has been found that l-cystine-bis-(4-nitroanilide), a synthetic peptidase substrate, competes with[125I]LRH for specific high affinity LRH receptors on isolated rat pituitary plasma membranes as effectively as a highly active LRH analogue. The pattern of [125I]LRH degradation by isolated pituitary plasma membranes was similar to that effected by pituitary and hypothalamic enzyme extracts. The enzyme activity seemed to accumulate in the supernatant of the membrane suspension after being released from the membrane structure. Plasma membrane supernatant and pituitary and hypothalamic enzyme extracts were chromatographed together with labelled LRH on Sephadex G 200. This resulted in protein binding patterns with one peak at the fractions representing a molecular weight of 600 000 to 650 000 and another one of approximately 80 000, the first probably being an aggregate of the latter. After solubilization of the plasma membranes by Triton X-100, there was no evidence for another LRH receptor. There were also two peaks of [125I]LRH degrading activity (with identical metabolic pattern) and two peaks of arylamidase activity, which were, however, not identical with the binding peaks. Both the arylamidase and the LRH binding-pattern had been demonstrated to be temperature-and hormonedependent, and seemed to be functionally related. The results indicate that there is a functional relationship between LRH binding-sites on plasma membranes and LRH degrading enzymes. This implies that the search for the 'true' LRH receptor has to be directed towards intracellular compartments of the pituitary gonadotrophs.Although a series of investigations on the binding of LRH to pituitary receptors, and the involvement of adenyl cyclase in LRH-induced gonadotrophin release has revealed a wealth of data, it has not yet been possible to establish a generally accepted concept of the mechanism of action of LRH.An unequivocal relationship between the bind¬ ing of LRH to specific receptors on isolated pitu¬ itary plasma membranes and the activation of adenyl cyclase has not yet been demonstrated (Théoleyre et al. 1976;Clayton et al. 1978; Bau¬ mann & Kühl 1980). When several LRH analogues were tested, no correlation could be established between the biological effectiveness and the bind¬ ing affinities to isolated plasma membranes (Pedroza et al. 1977; Kühl et al. 1980). In addition, Sternberger et al. (1978) observed specific binding of LRH to secretory granules within the gonadotrophs. As a consequence, the physiological signifi¬ cance of plasma membrane receptors for LRH remains to be elucidated.As inactivation of LRH by isolated pituitary plasma membranes has recently been observed (Clayton et al. 1979;Sandow et al. 1979), the LRH binding sites on pituitary plasma membranes could possibly be identical with an LRH degrading en¬ zyme or with enzyme-related subunits or aggre¬ gates. In order to test this hypothesis, we utilized the synthetic peptidase substrate t.-cystine-bis-(4-nitroanilide) to determine whether LRH binding sites are associ...