Survival and inhibitory factors regulate steroidogenesis and determine the fate of developing follicles. The objective of this study was to determine the role of transforming growth factor-b1 (TGFB1) in the regulation of estradiol-17b (E 2 ) and progesterone (P 4 ) secretion in FSHstimulated bovine granulosa cells. Granulosa cells were obtained from 2 to 5 mm follicles and cultured in serum-free medium. FSH dose (1 and 10 ng/ml for 6 days) and time in culture (2, 4, and 6 days with 1 ng/ml FSH) increased E 2 secretion and mRNA expression of E 2 -related enzymes cytochrome P450 aromatase (CYP19A1) and 17b-hydroxysteroid dehydrogenase type 1 (HSD17B1), but not HSD17B7. TGFB1 in the presence of FSH (1 ng/ml) inhibited E 2 secretion, and decreased mRNA expression of FSH receptor (FSHR), CYP19A1, and HSD17B1, but not HSD17B7. FSH dose did not affect P 4 secretion and mRNA expression of 3b-hydroxysteroid dehydrogenase (HSD3B) and a-glutathione S-transferase (GSTA), but inhibited the amount of steroidogenic acute regulatory protein (STAR) mRNA. Conversely, P 4 and mRNA expression of STAR, cytochrome P450 side-chain cleavage (CYP11A1), HSD3B, and GSTA increased with time in culture. TGFB1 inhibited P 4 secretion and decreased mRNA expression of STAR, CYP11A1, HSD3B, and GSTA. TGFB1 modified the formation of granulosa cell clumps and reduced total cell protein. Finally, TGFB1 decreased conversion of androgens to E 2 , but did not decrease the conversion of estrone (E 1 ) to E 2 and pregnenolone to P 4 . Overall, these results indicate that TGFB1 counteracts stimulation of E 2 and P 4 synthesis in granulosa cells by inhibiting key enzymes involved in the conversion of androgens to E 2 and cholesterol to P 4 without shutting down HSD17B reducing activity and HSD3B activity.