Telomeres, the DNA-protein structures at the end of linear eukaryotic chromosomes, form protective caps that shield chromosome termini against degradative processes or fusion with other chromosome ends (1-4). The evolutionarily conserved nucleotide sequence of telomeric DNA consists of short nucleotide sequences repeated in tandem. All vertebrates, slime molds, filamentous fungi, and Trypanosoma have a repeated 5Ј-d(TTAGGG)-3Ј sequence of the telomeric strand oriented 5Ј to 3Ј toward the chromosome terminus, the "G-strand". The 3Ј-terminal G-strand stretch ends with an unpaired 12-16-nucleotide-long overhang (1-4). This single-stranded tract can form in vitro under physiological conditions hairpin (5-7) or unimolecular or bimolecular tetrahelical structures (5-13), which may function in telomere transactions.The telomere hypothesis of cellular senescence and tumorigenesis states that progressive shortening of telomeres in somatic cells leads to cessation of their division and to cellular aging (16). In contrast, maintenance of a stable telomere length in germ line and cancer cells is associated with their infinite division and immortality. This hypothesis is supported by evidence showing that whereas telomeric DNA becomes progressively shortened in the course of the aging of diverse somatic cells, its length remains stable in infinitely dividing stem and tumor cells (17-21). The G-strand of telomeric DNA is extended by telomerase, a ribonucleoprotein enzyme whose complementary cytosine-rich RNA component serves as a template for the synthesis of the G-strand (3,4,22). Whereas telomerase activity is undetectable in various somatic tissues and in dividing primary cells, many cancer cells retain an active telomerase reviewed in Ref. 17). More recent results suggest, however, that telomerase might not be the sole factor that determines telomere length. Thus, some tumor cells whose telomere length remains stable have no measurable telomerase activity (24), and conversely, an active telomerase was detected in normal human (25) and mouse cells (26). Further, the removal of 50 -200-nucleotide-long segments of telomeric DNA with each round of replication in somatic cells (27,28) suggests that, in addition to the loss of telomerase activity, termini of telomeric DNA may also be shortened by exonucleolytic attack.Stabilization or destabilization of telomeric DNA may be affected by telomeric DNA-binding proteins that have been identified in diverse species. Proteins such as a monomeric 51-kDa polypeptide from Euplotes crassus (29), a 34-kDa Chlamydomonas protein (30), and a Xenopus protein (31) bind tightly to single-stranded telomeric DNA. Another group of proteins bind to or accelerate the formation of tetraplex structures of telomeric DNA. A heterodimeric protein from Oxytricha nova consisting of a 56-kDa ␣ and a 41-kDa  subunit, dimerizes in the presence of single-stranded telomeric DNA and binds to it cooperatively (32). Without detectably binding to quadruplex DNA, the  subunit facilitates tetraplex formation 10 5 ...