Recruitment of eukaryotic mRNA to the 48 S initiation complex is rate-limiting for protein synthesis under normal conditions. Binding of the 5-terminal cap structure of mRNA to eIF4E is a critical event during this process. Mammalian eIF4E is phosphorylated at Ser-209 by Mnk1 and Mnk2 kinases. We investigated the interaction of both eIF4E and phosphorylated eIF4E (eIF4E(P)) with cap analogs and capped oligoribonucleotides by stopped-flow kinetics. For m 7 GpppG, the rate constant of association, k on , was dependent on ionic strength, decreasing progressively up to 350 mM KCl, but the rate constant of dissociation, k off , was independent of ionic strength. Phosphorylation of eIF4E decreased k on by 2.1-2.3-fold at 50 -100 mM KCl but had progressively less effect at higher ionic strengths, being negligible at 350 mM. Contrary to published evidence, eIF4E phosphorylation had no effect on k off . Several observations supported a simple one-step binding mechanism, in contrast to published reports of a two-step mechanism. The kinetic function that best fit the data changed from single-to double-exponential as the eIF4E concentration was increased. However, measuring k off for dissociation of a pre-formed eIF4E⅐m 7 GpppG complex suggested that the double-exponential kinetics were caused by dissociation of eIF4E dimers, not a two-step mechanism. Addition of a 12-nucleotide chain to the cap structure increased affinity at high ionic strength for both eIF4E (24-fold) and eIF4E(P) (7-fold), primarily due to a decrease in k off . This suggests that additional stabilizing interactions between capped oligoribonucleotides and eIF4E, which do not occur with cap analogs alone, act to slow dissociation.The efficiency of mRNA translational initiation is strongly enhanced by the 5Ј-terminal cap, m 7 GpppN (1). The cap specifically binds to eIF4E, 2 which may be the first canonical initiation factors to interact with mRNA during its recruitment to the ribosome. eIF4E in turn binds to eIF4G, a protein that also interacts with the RNA helicase eIF4A to promote unwinding of mRNA secondary structure, with the multisubunit factor eIF3 to recruit the 43 S initiation complex, and with the cytoplasmic poly(A)-binding protein to enhance initiation of poly(A)-containing mRNAs. Initiation codon recognition is followed by dissociation of eIFs and joining of the 60 S ribosomal subunit to form the elongation-competent 80 S initiation complex. eIF4E has been extensively investigated in organisms that range from yeast to mammals (2-7). Besides translation, eIF4E also functions in nucleocytoplasmic transport of mRNA, sequestration of mRNA in a nontranslatable state, and stabilization of mRNA against decay in the cytosol (8 -10). The three-dimensional structures of human, mouse, and Saccharomyces cerevisiae eIF4E have been solved (11-13). The complex of full-length human eIF4E with m Cap analogs bind to eIF4E in a tight complex, a step that has been studied primarily by equilibrium techniques (15-33). Intrinsic Trp fluorescence quenching of N-termi...