The Saccharomyces cerevisiae RNA triphosphatase (Cet1) requires the presence of metal ion cofactors to catalyze its phosphohydrolase activity, the first step in the formation of the 5 -terminal cap structure of mRNAs. We have used endogenous tryptophan fluorescence studies to elucidate both the nature and the role(s) of the metal ions in the Cet1-mediated phosphohydrolase reaction. The association of Mg 2؉ , Mn 2؉ , and Co 2؉ ions with the enzyme resulted in a decrease in the intensity of the tryptophan emission spectrum. This decrease was then used to determine the apparent dissociation constants for these ions. Subsequent dual ligand titration experiments demonstrated that the metal ions bind to a common site, for which they compete. The kinetics of real-time metal ion binding to the Cet1 protein were also investigated, and the effects on RNA and nucleotide binding were evaluated. To provide additional insight into the relationship between Cet1 structure and metal ion binding, we correlated the effect of ion binding on protein structure using both circular dichroism and guanidium hydrochloride-induced denaturation as structural indicators. Our data indicate that binding of RNA, nucleotides, and metal ion cofactors does not lead to significant structural modifications of the Cet1 architecture. This suggests a model in which Cet1 possesses a preformed active site, and where major domain rearrangements are not required to form an active catalytic site. Finally, denaturation studies demonstrate that the metal ion cofactors can act by stabilizing the ground state binding of the phosphohydrolase substrate.Eukaryotic mRNAs possess a 5Ј-terminal cap structure that plays a critical role in the translation, stability, splicing, and transport of these mRNAs from the nucleus to the cytoplasm (1). The capping of mRNAs occurs immediately following the synthesis of pre-mRNAs, and involves three distinct enzymatic activities. First, the 5Ј-end of the pre-mRNA is hydrolyzed to a diphosphate by an RNA triphosphatase. This diphosphate end is then capped with GMP by an RNA guanylyltransferase, and finally methylated by an RNA (guanine-7) methyltransferase (2). Genetic experiments performed in Saccharomyces cerevisiae elegantly demonstrated that each of these activities is essential for yeast cell growth (3-8).The S. cerevisiae RNA triphosphatase (Cet1) 1 is a member of a family of metal-dependent phosphohydrolases that all possess the ability to hydrolyze the triphosphate end of mRNAs to a diphosphate in the presence of magnesium while also being able to hydrolyze NTPs to NDPs in the presence of either manganese or cobalt (9 -13). The protein has been extensively studied by a wide range of techniques, including crystallography, kinetics, and site-directed mutagenesis (14 -17). Additional studies showed that Cet1 shares many structural and mechanistic similarities with the RNA triphosphatases of various fungi, protozoan parasites, and DNA viruses (8, 11, 13, 14, 19 -23).Analysis of the Cet1 crystal structure reveals that the acti...