IntroductionBreast, ovarian and endometrial cancers account for about one-third of female malignancies diagnosed annually in the UK. Their incidence increases rapidly after puberty and continues to do so until the onset of the menopause, after which rates continue to rise, but not as steeply (Figure 1). 1 This incidence pattern implicates prolonged endogenous female sex hormone production/exposure in their aetiology and for breast and endometrial cancer is supported by epidemiological evidence. The impact of reproductive factors in the aetiology of ovarian cancer is less clear, but repetitive damage to ovarian epithelium has been hypothesised to predispose to malignant transformation. With all these cancers concern exists about the impact that exposure to hormone replacement therapy (HRT) may have on their incidence and mortality.The Million Women Study (MWS) is the largest observational study to investigate the association between HRT and female malignancies. Since 2003 several papers, mostly concerning breast cancer, but also endometrial and ovarian cancer, have been published and accompanied by sensationalist journal press releases and media coverage. The resulting stark headlines have undoubtedly contributed to the loss of confidence in HRT by health professionals and the lay public. To be fair, sensationalism surrounding HRT is not exclusive to the MWS; the findings of the contemporaneous Women's Health Initiative (WHI) study in the USA have also been promoted in this way. However, the MWS has significantly influenced recommendations from European advisory committees including the Committee for Safety of Medicines in the UK and resulted in many women receiving suboptimal advice about HRT and a dramatic decline in HRT prescribing. 2 In view of this it is reasonable to consider the strength of the evidence provided by the MWS and the conclusions made. To do so necessitates review of the MWS in the context of other published clinical evidence to determine what this study has added to available knowledge about HRT, in order to advise perimenopausal and postmenopausal women appropriately.