Intrinsic factor (IF 50 ) is a cobalamin (Cbl)-transporting protein of 50 kDa, which can be cleaved into two fragments: the 30 kDa N-terminal peptide IF 30 and the 20 kDa C-terminal glycopeptide IF 20 . Experiments on binding of Cbl to IF 30 ,IF 20 , and IF 50 revealed comparable association rate constants (k +Cbl ) 4 × 10 6 , 14 × 10 6 , and 26 × 10 6 M -1 s -1 , respectively), but the equilibrium dissociation constants were essentially different (K Cbl ) 200 µM, 0.2 µM, and e1 pM, respectively). The smaller fragment, IF 20 , had unexpectedly high affinity for Cbl; however, efficient retention of the ligand required the presence of both fragments. Detailed schemes of the interaction of Cbl with IF 50 and with IF 30 and IF 20 are presented, where the sequential attachment of Cbl to the IF 20 and IF 30 domains plays the key role in recognition and retention of the ligand. Each isolated fragment of IF was tested for the binding to the specific receptor cubilin in the presence or absence of Cbl. Neither apo nor holo forms of IF 20 and IF 30 were recognized by the receptor. When two fragments were mixed and incubated with Cbl, they associated into a stable complex, IF 30+20 ‚Cbl, which bound to cubilin as well as the noncleaved IF 50 ‚Cbl complex. We suggest that formation of the cubilin recognition site on IF is caused by assembly of two distant domains, which allows the saturated protein to be recognized by the receptor. The obtained parameters for ligand and receptor binding indicate that both full-length IF 50 and the fragments may be involved in Cbl assimilation.Intrinsic factor (IF) 1 is one of three cobalamin (Cbl or vitamin B 12 )-transporting proteins present in a mammalian organism (1-3). Abundant secretion of IF into the intestinal tract is necessary for normal assimilation of the vitamin. IF is relatively resistant to proteolysis, and its binding activity exceeds by far the amount of Cbl liberated from food (1,3). High selectivity toward Cbl (4) and high affinity of the saturated protein for the specific receptor (5, 6) distinguish IF from other Cbl transporters. The above features guarantee (i) uptake of the physiologically active ligand and (ii) accessibility of the receptor, which is not blocked by an excess of unsaturated IF.IF is employed as an additive to many vitamin preparations as well as in the Schilling test. The binder is also used for measurement of Cbl levels in biological samples (7,8).Therefore, understanding the mechanisms behind IF action is important for proper application of this protein for both analytical and medical purposes. The continuing controversy over the affinity of specific binders for Cbl with exceptional dispersion of the results [K Cbl ) 10 -14 -10 -8 M (9-12)] emphasizes the significance and necessity of the thorough kinetic analysis.In our previous work (13), we investigated oligomerization of the full-length protein IF 50 and its two proteolytic fragments upon Cbl binding. The first fragment, IF 30 , represented the N-terminal peptide of 30 kDa with most ...