The hemoprotein component of human placental aromatase (estrogen synthetase) has been purified to a high degree of homogeneity by a combination of affinity and adsorption chromatography on aminohexyl-Sepharose, concanavalin-A-Sepharose, and hydroxyapatite. The monomeric form of the enzyme has an M , of 55000 +_ 1000 as estimated by sodium dodecyl sulfate gel electrophoresis. Its absolute spectrum shows a high-spin Soret band at 394 nm while its reduced, CO-difference spectrum has a maximum at 447 1 nm. Full reconstitution of aromatase activity was obtained when it was recombined with a homogeneous preparation of the higher-M, form of either human placental, or bovine hepatic NADPH -cytochrome P-450 reductase. Critical factors for purification of the very unstable, membrane-bound hemoprotein with good retention of activity were, besides the chromatographic sequence, the use of the zwitterionic detergent 3-[(3-cholamidopropyl)dimethylammonio]-1-propanesulfonate (Chaps) during the solubilization, and the stabilizing effect of the aromatase substrate, 4-androstene-3,17-dione, throughout the procedure. In the presence of NADPH, the reconstituted enzyme system smoothly aromatizes 19-oxoandrostenedione, 19-hydroxyandrostenedione and androstenedione in this order of reactivity. The same reconstituted system also aromatized testosterone, but it was inactive towards 19-norandrostenedione. Known cytochrome P-450 inhibitors decreased its activity. We conclude: (a) the terminal oxidase of human placental aromatase is indeed a cytochrome P-450-type monooxygenase; (b) the multistep aromatization reaction of CI9 androstenes is catalyzed by a single enzyme; (c) aromatization of 19-norsteroids reported by other authors must be due to a different aromatase. Experimental data obtained with the reconstituted enzyme are fully compatible with the concept of a reaction mechanism for the aromatization sequence involving an all-trans, antiparallel elimination of the 19-methyl group, the 2p proton and the l a proton, rather than the 1p proton, as generally assumed.The conversion of male to female steroid hormones that takes place in the microsomes is catalyzed by a mixed-function oxidase, i.e. an enzyme that concurrently reduces molecular oxygen, but oxidizes NADPH. In this respect, the aromatase enzyme is no different from the other well-known steroid hydroxylases. However, whereas these hydroxylases catalyze a single C -H to C -OH substitution reaction, in contrast, the aromatase (estrogen synthetase) is implicated in a sequence of four reactions. Initial hydroxylation at the angular 19-methyl group is followed by a second hydroxylation at the same site. According to Fishman and co-workers [l -31, a third hydroxylation then takes place stereospecifically at the 28 position and the 2p-hydroxy-19,19-di-hydroxy(or 19-oxo)-4-androstene-3-one thus formed is the true end product of this three-step enzymic reaction. Because this compound is thermodynamically labile, upon release into the medium by