The discovery of the second-messenger functions of inositol 1,4,S-trisphosphate and diacylglycerol, the products of hormone-stimulated inositol phospholipid hydrolysis, marked a turning point in studies of hormone function. This review focusses on the myo-inositol moiety which is involved in an increasingly complex network of metabolic interconversions. rnyo-Inositol metabolites identified in eukaryotic cells include at least six glycerophospholipid isomers and some 25 distinct inositol phosphates which differ in the number and distribution of phosphate groups around the inositol ring. This apparent complexity can be simplified by assigning groups of myo-inositol metabolites to distinct functional compartments. For example, the phosphatidylinositol 4-kinase pathway functions to generate inositol phospholipids that are substrates for hormone-sensitive forms of inositolphospholipid phospholipase C, whilst the newly discovered phosphatidylinositol3-kinase pathway generates lipids that are resistant to such enzymes and may function directly as novel mitogenic signals. Inositol phosphate metabolism functions to terminate the second-messenger activity of inositol 1,4,5-trisphosphate, to recycle the latter's myo-inositol moiety and, perhaps, to generate additional signal molecules such as inositol 1,3,4,5-tetrakisphosphate, inositol pentakisphosphate and inositol hexakisphosphate. In addition to providing a more complete picture of the pathways of myo-inositol metabolism, recent studies have made rapid progress in understanding the molecular basis underlying hormonal stimulation of inositol-phospholipid-specific phospholipase C and inositol 1,4,5-trisphosphate-mediated Ca2rnyo-Inositol is the predominant isomer of cyclohexane hexol that occurs in eukaryotic cells. Perhaps its best known function is as a precursor of the inositol phospholipids which, when cleaved by a hormone-stimulated inositol-phospholipidspecific phospholipase C (PIC), generate the ubiquitous second messengers, inositol 1,4,5-trisphosphate [Ins(l,4,5)P3] and diacylglycerol. The principal structural feature of Ins is that the hydroxyl group located at the 2-position is out of step with the others: at neutral pH, the preferred conformation has an axial 2-hydroxyl with all the remaining hydroxyl groups being equatorial to the plane of the six-membered ring. A consequence of this structure is that derivatisation of Ins, for example by the insertion of a monoester phosphate group, can generate a large number of structurally related molecules, including up to 63 distinct inositol phosphate species [l]. In functionally important molecules, such as Ins(1 ,4,5)P3, the precise location of the phosphate groups is fundamental; the A burgeoning complexity of Ins metabolites has been uncovered during the last five years and it seems likely that the pathways involved subserve a number of cellular functions in addition to the generation of diacylglycerol and Ins(1 ,4,5)P3 second-messengers. These additional pathways include the extraordinarily complex metabolism of ...