The interstitial cells of the rat testis contain two forms of cAMP-dependent protein kinase which are activated in vitro by low concentrations (10~*1 M) of human chorionic gonadotropin. The two cAMP-dependent holoenzymes of purified Leydig cells have been further characterized by cAMP binding and phosphokinase assay during ion-exchange chromatography, gel filtration, and sucrose density gradient centrifugation. Equilibrium binding studies performed with interstitial cell extracts and [3H]cAMP revealed a single order of binding sites with high affinity for cAMP (Ka = 109 M_ 1). After chromatography on DEAE-Sephadex and DEAE-cellulose, the two holoenzymes were identified by density gradient centrifugation as discrete peaks with sedimentation constants of 4.0 S and 6.2 S. From these values and the Stokes radii of 37.9 Á and 47.7 Á derived from gel filtration on Sephadex G-200, the estimated molecular weights of the holoenzymes were 59 600 and 116 400, respectively. The regulatory subunits of the protein kinase holoenzymes were also identified by ./Activation of cAMP1-dependent protein kinase by gonadotropic hormones has been recently demonstrated in collagcnase-dispersed interstitial cells of the rat testis (Podesta et al., 1976a,b). Enzyme activity was stimulated by incubation