The ligand NB'-(6-biotinylamido)hexanoylinsulin was attached noncovalently to Sepharose 4B immobilized succinoylavidin to form an insulin-affinity resin. This resin was used to isolate highly purified insulin receptor from human placental tissue by a four step process involving (i) preparation of a crude membrane fraction, (ii) solubilization with Triton X-100, (iii) wheat germ agglutinin purification, and (iv) insulin-affinity chromatography. NaDodSO4/PAGE of the purified '2I-labeled receptor under nonreducing conditions showed the presence of a major component with an approximate molecular weight of 350,000 and a minor component with a molecular weight of =166,000. Based on the assumption that the degree of labeling is comparable in both components, the material corresponding to the Mr 350,000 peak represents =94% of the receptor preparation as determined by scanning the autoradiograms. The specific insulin binding capacity of the preparation is 18 ± 6 pbg of 12'I-labeled insulin per mg of protein as determined by the polyethylene glycol assay and analyzed by Scatchard plot. Insulin binding activity was stable at 40C and pH 7.6 for at least 12 weeks but was destroyed by freezing and thawing. The availability of highly purified receptor afforded the opportunity to explore its precipitability by polyethylene glycol under assay conditions. Whereas trichloroacetic acid precipitated 95% of the '5I-labeled receptor, polyethylene glycol precipitated only 30%. If the specific activity of the receptor is corrected for incomplete precipitability by polyethylene glycol, the apparent specific binding would be 3.5 + 1.2 mol of insulin per mol of receptor. These results are in disagreement with the current receptor model, which postulates that 1 mol of receptor (Mr, 350,000) binds 2 mol of insulin. Clearly, the problems associated with the method available for determining insulin binding are sufficiently serious to preclude their use in determining receptor valence.Affinity chromatography for insulin receptor isolation was introduced by Cuatrecasas and his colleagues in 1972 (1, 2). An affinity resin was prepared by attaching unprotected insulin to Sepharose via a spacer arm. Using this resin, Jacobs et al. (3) were able to isolate a crude insulin receptor preparation from Triton X-100 solubilized rat liver membranes. The same affinity resin was used by Siegel et al. (4) for the retrieval of insulin receptor preparations from human placenta. The receptor was eluted from the affinity resin with 4.5 M urea (pH 6.0), conditions that damage the receptor. Recently, Fujita-Yamaguchi et al. (5) observed that insulin receptors with high specific insulin binding activity can be eluted from Cuatrecasas-type columns with acetate buffer, pH 5.0/1 M sodium chloride. A considerable store of information concerning the nature of insulin receptors has been accumulated by indirect methods using tracer amounts of materials (6), but methodology for isolating large quantities of receptor is not available. Finite information regarding t...