Objective: Epidemiological studies imply an association between circulating IGF1 and breast cancer, whereas the role of IGF2, which also acts on the IGF1 receptor, is less settled. This study investigates the association between IGF2 and breast cancer in patients with localized disease. Design: The participants were women with well-characterized, early stage, localized breast cancer (nZ43) and matched healthy women (nZ38), from whom fasting serum levels of IGF-related peptides were measured. Results: In patients, mean free IGF2 was increased (C57%, P!0.001), in spite of reduced total IGF2 levels (K12%, PZ0.003) when compared with controls. Similar changes were seen in free IGF1 (C28%, PZ0.004) and total IGF1 (K16% PZNS). Pro-IGF2 and IGF-binding protein 1 (IGFBP1) were unchanged. IGFBP2 was reduced by 22% in the patients (PZ0.004). The patients showed reduced IGFBP3 protease activity and accordingly increased levels of intact IGFBP3, whereas total IGFBP3 was unchanged. Conclusion: Women with localized, early-stage breast cancer show elevated circulating free IGF1 and IGF2, reduced total IGF2 and alterations in IGFBPs. The changes observed despite minimal cancer disease suggest a role for the circulating IGF system in the progression of breast cancer in women.European Journal of Endocrinology 159 595-601