Prohormone convertase 2 (PC2) is a subtilisin-like protease involved in the intracellular processing of prohormones and proneuropeptides. Like its substrates, it is synthesised as a prepropeptide which undergoes proteolysis during transit through the regulated secretory pathway. Previous studies have shown that aggregation and membrane association of proPC2 occurs in a calcium-dependent and pH-dependent manner and that the pro-region of PC2 may be involved in this process. These events may be involved in the sorting of proteins to the regulated secretory pathway. To investigate this further, we made a chimeric protein containing both the signal peptide and pro-region of PC2 and the N-terminal part of A1-antitrypsin, called pro2A1. PC2, A1-antitrypsin and pro2A1 were compared with regard to their membrane association and aggregation properties using, respectively, sucrose gradient centrifugation after expression in Xenopus oocytes, and an in vitro aggregation assay. The chimeric protein, pro2A1, underwent low-pHdependent aggregation and membrane association similar to wild-type PC2. Membrane association occurred at pH 5.5 in the absence of calcium and at pH 6.0 in the presence of 10 mM calcium but not at pH 6.5 or 7.0. A1-antitrypsin, as expected of a constitutively secreted protein, did not aggregate at low pH, nor associate with membranes. Pro2A1 thus exhibits the membrane association and aggregation properties of PC2, confirming the role of the pro-region in these processes.A series of deletions were performed within the 84-residue propeptide in order to define the sequences involved. Deletion of amino acids 52Ϫ77 reduced aggregation but large deletions in the pro-region had only a minimal effect on membrane association. These data suggest that several regions within the propeptide are important in these events.Keywords : prohormone convertase 2; protein targeting; membrane association.Secretion of proteins from neuroendocrine cells can occur through at least two different pathways: constitutive secretion, which occurs at a constant rate limited by the bioavailability of material, and regulated secretion, where the protein is stored in dense-core granules for some time prior to release being stimulated by a secretagogue [1]. The most distal point in the secretory pathway common to both types of secretion and hence the point of sorting of proteins into the appropriate pathway, has been considered to be either the trans-Golgi network (TGN), based on morphological studies and glycosylation events [2], or the immature secretory granule, due to the observation that secretion of lysosomal enzymes can be stimulated from pancreatic β-cells shortly after their synthesis [3]. Whether sorting takes place at the TGN or in immature secretory granules, the mechanism of sorting remains poorly understood. One hypothesis is that sorting involves the selective aggregation and membrane association of regulated secretory proteins [1].Aggregation is thought to be triggered by the low pH and calcium content of the TGN or immature g...