Aggregation of receptors for immunoglobulin G (Fc␥Rs) on myeloid cells activates a series of events that are key in the inflammatory response and that can ultimately lead to targeted cell killing by antibody-directed cellular cytotoxicity. Generation of lipid-derived proinflammatory mediators is an important component of the integrated cellular response mediated by receptors for the constant region of immunoglobulins (Fc). We have demonstrated previously that, in interferon-␥-primed U937 cells, the high affinity receptor for IgG, Fc␥RI, is coupled to a novel intracellular signaling pathway that involves the sequential activation of phospholipase D, sphingosine kinase, calcium transients, and protein kinase C isoforms, leading to the activation of the NADPHoxidative burst. Here, we investigate the nature of the phospholipase that regulates arachidonic acid and eicosanoid production. Our data show that Fc␥RI couples to iPLA 2  for the release of arachidonic acid and the generation of leukotriene B 4 and prostaglandin E 2 . Activation of iPLA 2  was protein kinase C-dependent; on the other hand, platelet-activating factor triggered cPLA 2 ␣ by means of the mitogen-activated protein kinase pathway. These studies demonstrate that intracellular PLA 2 s can be selectively regulated by different stimuli and suggest a critical role for iPLA 2  in the intracellular signaling cascades initiated by Fc␥RI and its functional role in the generation of key inflammatory mediators.