Thyrotropin releasing hormone (TRH, pyroGlu-His-Pro-NH2) is important in the regulation of adenohypophyseal hormone secretion and also serves important functions in extrahypothalamic brain areas, indicating that it is involved in neurotransmission and other forms of cellular communication. This hypothesis is strengthened by the observation that TRH is rapidly inactivated by a heterogeneously distributed ecto-enzyme which exhibits a high degree of substrate specificity. Moreover, in the rat, the activity of the membrane-bound TRH-degrading enzyme of the anterior pituitary is found to be stringently controlled by thyroid hormones and estrogens. In contrast, the activity of the TRH-degrading brain enzyme is neither influenced by thyroid hormones nor estrogens. These data indicate that the TRH-degrading brain enzyme serves specialized functions for the transmission of TRH signals and apparently represents the peptidergic equivalent to acetylcholine esterase, whereas the membrane-bound adenohypophyseal TRH-degrading enzyme itself fulfills a biologically important control function within feedback-regulatory mechanisms.