25 XY boys aged 13 to 19 years with pubertal gynecomastia (breast development > 6 cm) were studied. According to their pubertal development, they were classified as 7 P2, 9 P3, 7 P4 and 2 P5. Results were compared to those established in normal boys at equivalent pubertal stages. The data demonstrated significantly increased plasma levels of testosterone (T) at stages P2 and 3 (p<0.001) and P4 (p<0.05), post HCG (3×1500 u) T at stage P2 (p<0.005), T-estradiol binding globulin at stage P2 (p<0.005), estrone and estradiol at stages P2 and 3 (p<0.005). Plasma prolactin levels and LH and FSH responses to LHRH were normal in all cases. The most striking fact is the overproduction of testosterone in the initial steps of puberty contrasting with the degree of virilization, the development of breast and the lack of decrease of TeBG. These data suggest a transient peripheral unresponsiveness to testosterone with subsequent conversion in estrogens.