Endothelins, which exist in three isoforms, exert their action via two endothelin receptor subtypes: (i) the endothelin A (ET A ) 1 and (ii) the endothelin B (ET B ) receptor (1, 2). Both receptors belong to the large family of GPCRs. The ET A receptor is predominantely expressed in smooth muscle cells, and its stimulation causes a long-lasting vasoconstriction (3). The ET B receptor is mainly expressed in endothelial cells, and its activation results in a transient vasodilatation (4).The ET B receptor displays several unique properties, which are not shared by the ET A receptor or other members of the GPCR family. For example, the ET B receptor binds the ligand ET1 almost irreversibly (5). The receptor-ligand complex is resistant to acid washes and 2% SDS and even survives SDSpolyacrylamide gel electrophoresis at low temperature (6). In living cells, internalized ET1-ET B receptor complexes remain stable for more than 2 h. This is remarkable, as the ligandreceptor complex is transported into late endosomal/lysosomal compartments within 30 min (7,8). The tight binding of ET1 to the ET B receptor is evolutionary conserved, since it was also observed for the ET B receptor of calf, dog, mouse, and guinea pig (9). Mutagenesis studies revealed that aspartate 75 and proline 93 within the extracellular N terminus of the human ET B receptor are important determinants for the formation of a stable ligand/receptor complex (9). The physiological significance of this tight receptor/ligand association is still not understood. Recently it was shown that the ET B receptor is crucially involved in the regulation of circulating ET1 plasma levels: blockade of the ET B receptor causes a significant increase in ET1 plasma levels (10, 11). Thus, the tight binding of ET1 to the ET B receptor and the transport of the receptor/ligand complex into lysosomal compartments could provide a molecular basis for the efficient removal of ET1 from the circulation. The ET B receptor possesses a cleavable signal peptide (comprising 26 amino acids), which is removed in the ER lumen during receptor biosynthesis (6,12,13). In addition to the removal of the signal peptide, the N terminus of the mature protein undergoes proteolytical cleavage. Protein analysis of purified ET B receptors from human placenta revealed two different isoforms: (i) a full-length receptor comprising 416 amino acids (after removal of the signal peptide) and starting with glutamate 27, and (ii) an N-terminal-truncated ET B receptor, comprising 378 amino acids and starting with serine 65 (6, 14). The existence of the two ET B receptor isoforms has been demonstrated for the dog, pig, and calf receptor, indicating that the proteolytical processing of the mature ET B receptor is evolutionary conserved (12,(15)(16)(17). The proteolytically released Nterminal peptide fragment harbors the only N-linked glycosylation. Thus, the N-terminal proteolysis yields unglycosylated ET B receptors.So far, the mechanism and physiological significance of the N-terminal proteolysis are unknown. In o...