Peanut cells were grown for 14 days in suspension culture before the medium was collected as filtrate. Phenolic compounds were extracted from the medium by liquid-liquid partition technique. Two phenolic compounds, B and F (probably simple acids), were separated by paper chromatography. Isozyme A5, after association with phenolic F, was converted to an isozyme with the same Rm as A2. Isozyme A5 was converted to an intermediate form which, on attachment with a mixture of phenolics B and F, was converted to isozyme A4. A further linking of phenolics B and F to isozyme A4 converted them to an isozyme having the same Rm as isozyme A1.