An insulin receptor substrate 1 (IRS-1)-like cDNA was isolated from a Xenopus ovary cDNA library by low-stringency hybridization using rat IRS-1 cDNA as a probe. The deduced amino acid sequence encoded by this cDNA (termed XIRS-L) is 67% identical (77% similar) to that of rat IRS-1. Significantly, all the insulininduced tyrosine phosphorylation sites identified in rat IRS-1, including those responsible for binding to the IRS-1 does not possess any recognizable enzymatic activity as judged by its amino acid sequence (35). However, it is rapidly phosphorylated on multiple tyrosine residues following insulin stimulation (33). Tyrosine-phosphorylated IRS-1 forms physical complexes with several cellular proteins containing Src homology 2 (SH2) domains. These include phosphatidylinositol (PI) 3-kinase, the protein phosphotyrosine phosphatase Syp (also known as SH-PTP2 [22]), the Grb2 protein implicated in Ras regulation, and Nck, an adaptor protein of unknown function (3,14,15,28,29,35,37). Individual tyrosine phosphorylation sites on IRS-1 are apparently responsible for binding to specific SH2 domains, thereby coupling the relevant SH2 domain-containing proteins to the insulin receptor. For instance, tyrosine phosphorylation sites with the sequence pYMXM motifs (pY stands for phosphotyrosine) are binding sites for the SH2 domains of the p85 subunit of PI 3-kinase, and the p85 SH2 domains preferentially bind to Tyr-608 of IRS-1, with the sequence GpYMPMSG (33).PI 3-kinase is activated in insulin-stimulated Chinese hamster ovary cells overexpressing human insulin receptor, as indicated by an elevation of 3-phosphorylated phosphoinositides [PI(3,4)P 2 and PI(3,4,5) 3 ] (25). In vitro, binding of tyrosine phosphorylated IRS-1, or synthetic peptides containing pYMXM motifs, to PI 3-kinase results in a modest activation of PI 3-kinase activity (2). These results suggest that insulininduced PI 3-kinase activation is mediated in part by binding of tyrosine phosphorylated IRS-1 to the lipid kinase. An alternative mechanism in which a direct interaction between the autophosphorylated insulin receptor and PI 3-kinase may play a role was recently proposed (38).Fully grown, or stage VI, oocytes (8) isolated from Xenopus laevis, previously primed with pregnant-mare serum gonadotropin (PMSG), undergo meiotic maturation when exposed to mammalian insulin or insulin-like growth factor 1 (IGF-1) (9,17). Recent data suggest that while oocytes isolated from unprimed frogs did not respond to insulin, microinjection of recombinant rat IRS-1 restored their responsiveness (6). The injected IRS-1 also bound endogenous PI 3-kinase in an insulin-dependent fashion. A recombinant protein containing the N-terminal SH2 domain of the p85 subunit of PI 3-kinase disrupted this association and inhibited insulin-induced oocyte maturation (5). These results suggest that an endogenous IRS-