Abstract-The novel immunomodulator FTY720 is effective in experimental models of transplantation and autoimmunity, and is currently undergoing Phase III clinical trials for prevention of kidney graft rejection. FTY720 is a structural analogue of sphingosine-1-phosphate (S1P) and activates several of the S1P receptors. We show that FTY720 induces endothelium-dependent arterial vasodilation in phenylephrine precontracted mouse aortae. Vasodilation did not occur in thoracic aortic rings from eNOS-deficient mice, implicating and effect dependent of activation of the eNOS/NO pathway. Accordingly, FTY720 induced NO release, Akt-dependent eNOS phosphorylation and activation in human endothelial cells. For biological efficacy, FTY720 required endogenous phosphorylation, since addition of the sphingosine kinase antagonist NЈ,N-dimethylsphingosine (DMS) prevented activation of eNOS in vitro and inhibited vasodilation in isolated arteries. The endothelial phosphorylation of FTY720 was extremely rapid with almost complete conversion after 10 minutes as determined by mass spectrometry. Finally, we identified the lysophospholipid receptor S1P 3 as the S1P receptor responsible for arterial vasodilation by FTY720, as the effect was completely abolished in arteries from S1P 3 -deficient mice. In summary, we have identified FTY720 as the first immunomodulator for prevention of organ graft rejection in clinical development that, in addition, positively affects the endothelium by stimulating NO production, and thus potentially displaying beneficial effects on transplant survival beyond classical T cell immunosuppression. Key Words: FTY720 Ⅲ eNOS Ⅲ S1P receptor T he novel immunomodulator FTY720 is currently undergoing Phase III clinical trials for prevention of kidney graft rejection. 1 FTY720 shares striking structural homology to sphingosine 1-phosphate (S1P), 2 a natural lysophospholipid that is present at high nanomolar (nmol/L) concentrations in serum. 3 Recent data show that FTY720 is phosphorylated in vivo by sphingosine-kinase-2 (SphK2), 4 and that the FTY720-phosphate metabolite (FTY720-P) is a potent agonist of 4 of the 5 G protein-coupled receptors for S1P: S1P 1 , S1P 3 , S1P 4 , and S1P 5 . 2,5 Recent studies show that the S1P 1 receptor and its natural ligand S1P are pivotal to lymphocyte recirculation: mice with a specific deletion of S1P 1 in hematopoietic cells showed that thymocytes selectively require S1P 1 for egress from thymus, whereas both T and B cells require this receptor for egress from peripheral lymphoid organs. 6 Thus, it was suggested that the efficacy of FTY720 in transplantation and autoimmunity may relate primarily to an inhibition of effector T cell recirculation from lymphoid organs to peripheral sites of inflammation. S1P receptor agonists mediate a variety of physiological processes and stimulate multiple signaling pathways resulting in calcium mobilization from intracellular stores, polymerization of actin, chemotaxis/migration, and escape from apoptosis. 7-10 S1P is released by platelets durin...