Summary Serum thyroxine was significantly higher in 59 patients with hepatocellular carcinoma than in normal subjects, patients with uncomplicated cirrhosis (48), or other primary tumours with or without hepatic metastases (50). Elevated thyroxine levels appeared attributable to high levels of thyroxine binding globulin which showed a positive linear correlation with serum thyroxine in all groups studied. Despite this hyperthyroxinaemia all patients appeared clinically euthyroid and, consistent with this, T3 was elevated in only one patient and the free thyroxine index was normal in all. Amongst a group of 25 cirrhotic patients who were followed-up for between 12 and 72 months, there was a striking dissociation between the TBG values of those destined to develop HCC and those who did not. In the former group TBG rose steadily with time whereas in the latter group levels remained stable, or, more often, fell. The rises in TBG occurred prior to any clinical signs of tumour development and may be one of the earliest serological changes to occur during carcinogenesis in the cirrhotic liver.Changes in the serum levels of thyroid hormones and their binding proteins in patients with cirrhosis are welldocumented (Chopra et al., 1974;Hepner & Chopra, 1979; Lumholtz et al., 1978;Nomura et al., 1975). Most studies have shown a normal thyroxine (T4) level with impaired conversion to triiodothyronine (T3) resulting in low levels of T3 and high levels of reverse T3 (rT3). Despite this, clinical evidence of hypothyroidism is uncommon and direct measurement of free T4 (fT4) or the free thyroxine index has usually given normal values (Green et al., 1970;Liewendahl et al., 1983). In contrast, hyperthyroxinaemia has been described in some patients with hepatocellular carcinoma (HCC), a frequent complication of long-standing cirrhosis (Gershengorn et al., 1976;Kalk et al., 1982;Nelson, 1979). The hyperthyroxinaemia has been attributed to elevated levels of thyroxine binding globulin (TBG) but whether abnormalities of other thyroid binding proteins such as albumin and prealbumin are also involved has not been determined. There are also no data on how levels of TBG change before diagnosis of HCC or whether such changes are specific for HCC or occur generally in malignant disease.In the present study we have measured the serum thyroid hormones together with their binding proteins in a large series of patients with HCC and various control groups including uncomplicated cirrhosis and other primary tumours with or without hepatic metastases. In healthy volunteers recruited from the ho6pital staff. None of the subjects studied was receiving drugs known to interfere with thyroid function. In all patients with HCC the serum samples studied were those collected at the time of diagnosis and prior to any treatment.The stored serial sera (which had been frozen once and not previously thawed before the assay) came from patients included in a prospective study of the development of HCC in cirrhosis (Zaman et al., 1985). These comprised 25 pati...