Abstract Human plasminogen was prepared from both plasma Fractions III and III2,3 by affinity chromatography on lysine-substituted Sepharose columns. Plasminogen prepared by this method, from either Fraction III or III2,3, appeared to be homogeneous when analyzed by slab acrylamide gel electrophoresis in 6 m urea-0.1% sodium dodecyl sulfate. The specific activities of the preparations were 20 to 24 casein units per mg of protein. Acrylamide gel electrophoretic analyses in 0.3 m e-aminocaproic acid at pH 8.4 showed that the distribution of the multiple molecular forms of plasminogen prepared from Fraction III differed depending upon whether the extracts were either frozen, or unfrozen, prior to affinity chromatography or processed more quickly during affinity chromatography. The major electrophoretic components in Fraction III plasminogen prepared from extracts which were unfrozen had greater electronegative mobilities than the major components in Fraction III2,3 plasminogen. The electrophoretic forms seen in Fraction III plasminogen prepared from extracts which had been frozen and thawed, prior to affinity chromatography appeared to be identical with those in Fraction III2,3 plasminogen. Electrophoretic analyses in acrylamide gels containing 0.4% casein showed that all of the electrophoretic forms of plasminogen prepared from Fractions III and III2,3 could be activated with urokinase as determined by the zones of casein digestion seen after incubation and staining of the gels. Electrophoretic analyses of Fractions III and III2,3 plasminogens in acrylamide gel-isoelectric focusing systems showed similar patterns to those obtained in the acrylamide gel-0.3 m e-aminocaproic acid system. At pH 3.1, in acrylamide gel electrophoresis, Fraction III plasminogen showed two groups of components, whereas Fraction III2,3 plasminogen showed a single component similar to the minor, faster moving component found in Fraction III plasminogen. Analyses and isolation of the individual isoelectric forms from Fractions III and III2,3 plasminogens were carried out with isoelectric focusing methods. Sixty-six per cent of the plasminogen isolated from Fraction III had isoelectric points between pH 6.2 and 7.2 (six forms). The specific activity of these forms was found to be 20 to 21 casein units per mg of protein. Each of these forms contained a major, and a minor electrophoretic component in slab acrylamide gel electrophoresis in 0.3 m e-aminocaproic acid. Eighty-three per cent of the plasminogen isolated from Fraction III2,3 had isoelectric points between pH 7.2 and 8.1 (four forms). The specific activity of these forms was found to be 22 to 24 casein units per mg of protein. Each of these forms contained two major isoelectric components (doublets). The NH2-terminal amino acid of the isoelectric forms with pI values of 6.2, 6.4, and 6.6 was determined to be glutamic acid. The NH2-terminal amino acid of the isoelectric forms with pI values of 6.7, 7.2, 7.8, and 8.3 isolated from Fraction III2,3, and of the isoelectric forms with pI values of 7.2 and 7.8 isolated from Fraction III was determined to be lysine (and valine). Sedimentation-equilibrium analyses on isolated isoelectric forms showed that the NH2-terminal lysine forms with pI values of 7.2, 7.5, and 7.8, and the NH2-terminal glutamic acid forms with pI values of 6.2 and 6.4 all had the same molecular weights, approximately 80,000. The sedimentation coefficients, s°20,??w, of the Fraction III plasminogen forms were different from the Fraction III2,3 plasminogen forms. Each plasminogen isoelectric form, from pI values 6.2 to 8.5, can be activated with urokinase. The resulting plasmins which were inhibited with l-1-chloro-3-tosylamido-7-amino-2-heptanone, reduced with mercaptoethanol and alkylated with iodoacetic acid, gave Cm-heavy (A) and Cm-light (B) chain derivatives that appeared to be identical with each other when analyzed in acrylamide gel electrophoresis in urea-sodium dodecyl sulfate systems. Cm-heavy (A) and Cm-light (B) chain derivatives isolated from urokinase-activated plasminogen III A appeared to be identical with the same derivatives isolated from urokinase-activated plasminogens 1112,3 A and III2,3 S.