Saccharomyces cerevisiae cellular RNase P is composed of both protein and RNA components that are essential for activity. The isolated holoenzyme contains a highly structured RNA of 369 nucleotides that has extensive sequence similarities to the 286-nucleotide RNA associated with Schizosaccharomyces pombe RNase P but bears little resemblance to the analogous RNA sequences in procaryotes or S. cerevisiae mitochondria. Even so, the predicted secondary structure of S. cerevisiae RNA is strikingly similar to the bacterial phylogenetic consensus rather than to previously predicted structures of other eucaryotic RNase P RNAs.Mature 5' termini of tRNAs in both procaryotes and eucaryotes are generated by cleavage with a structurespecific endonuclease, RNase P. Extensive study of RNase P activities from Escherichia coli and Bacillus siubtilis has shown that both enzymes consist of single RNA and protein species (14,16,19,21,25,[29][30][31]38,43,44,51). Although temperature-sensitive mutations in these individual components have shown that both are required for RNase P activity in vivo (24,25,31,38,41,46,47), each RNA component alone can recognize and cleave substrates under some conditions in vitro (2,16,19,20,44). The enzymic RNAs can form extensively base-paired secondary structures as judged by theoretical calculations and cleavage sensitivity structure analyses (3,17,43,44). Extensive phylogenetic sequence comparisons among the bacterial RNAs suggest several short domains of conserved sequences and a conserved secondary structure (26). This structure, rather than Watson-Crick base pairing with the substrates, is suspected of being primarily responsible for recognition of pre-tRNAs, since several RNA structural disruptions have been shown to reduce catalytic activity. A sequence originally thought to contribute to substrate recognition through complementarity to the invariant T4JCG sequence in tRNAs is dispensable (18,34).RNase P RNA activities have been reported in a number of eucaryotes (1,5,6,8,11,13,22,28,32,33,35,36), but there has been significant disagreement as to the nature of the enzymes. In particular, the RNase P from Xenopis laevis has been reported to be insensitive to micrococcal nuclease and found as part of a large polypeptide complex (6). For all other nuclear and mitochondrial enzymes tested, RNA components have been shown to be essential on the basis of either nuclease sensitivity of the enzyme or genetic evidence. Other than one report on HeLa cell RNase P (15), the ability to denature and reconstitute the eucaryotic components has not been reported and there have been no instances of RNA components having catalytic activity in the absence of protein (39). RNA subunits essential for the activity of the enzyme (28, 37) in SchiZosaccharomnvces pombe and Saccharomvces cerev'isiae mitochondria have been identified and their sequences have been determined (33,37). Surprisingly, neither the nucleotide sequences nor the predicted secondary structures of these RNAs bear any striking resemblance to each o...