The reactive-site sequence of a proteinase inhibitor can be written as . . . -P,-P2-P,-P;-P;-P;-. . . , where -P,-P;-denotes the reactive site. Three semisynthetic homologues have been synthesized of the bovine trypsin-kallikreinm inhibitor (Kunitz) with either arginine, phenylalanine or tryptophan in place of the reactive-site residue PI, lysine-15. These homologues correspond to gene products after mutation of the lysine 15 DNA codon to an arginine, phenylalanine or tryptophan DNA codon.Starting from native (virgin) inhibitor, reactive-site hydrolyzed, still active (modified) inhibitor was prepared by chemical and enzymic reactions. Modified inhibitor was then converted into inactive des-Lys15-inhibitor by reaction with carboxypeptidase B. Inactive des-Lys"-inhibitor was reactivated by enzymic replacement of the P, residue according to Leary and Laskowski, Jr. The introduction of arginine was catalyzed by an inverse reaction with carboxypeptidase B, while phenylalanine or tryptophan were replaced by carboxypeptidase A. The reactivated semisynthetic inhibitors were trapped by complex formation with either trypsin or chymotrypsin. The enzyme . inhibitor complexes were subjected to kinetic-control dissociation, and the semisynthetic virgin inhibitors were isolated.The inhibitory properties of the semisynthetic inhibitors have been investigated against bovine trypsin and chymotrypsin and against porcine pancreatic kallikrein@ and plasmin. The homologues with either lysine or arginine in the P, position are equally good inhibitors of trypsin, plasmin and kallikrein. The Arg'5-homologue is a slightly more effective kallikrein inhibitor than the Lys"-inhibitor. The semisynthetic phenylalanine and tryptophan homologues, however, are weak inhibitors of trypsin and still weaker inhibitors of kallikrein, but are excellent inhibitors of chymotrypsin. Their association constant with chymotrypsin is at least ten times higher than that of native Lys"-inhibitor. A dramatic specificity change is observed with the phenylalanine and tryptophan homologues, which in contrast to the native inhibitor do not at all inhibit porcine plasmin. Thus, the nature of the P, residue strongly influences the primary inhibitory specificity of the bovine inhibitor (Kunitz). Phe15 and Trp15-inhibitor, virgin trypsin-kallikrein inhibitor homologues with arginine, phenylalanine or tryptophan respectively in place of the Lys-15 reactive-site residue PI ; des-Lys"-inhibitor has the active-site Lys-15 removed by carboxypetidase B. Bz-Arg-Nan, N-bcnzoyl-~~-arginine-4-nitroanilide; Bz-Arg-OEt, N-benzoyl-arginine ethyl ester; Suc-Phe-Nan, N-(3-carboxypropionyl)-phenylalanine-4-nitroanilide; NphGBz, 4-nitrophenyl4'-guanidinobenzoate hydrochloride.