Using two different antisera, one raised against total human pancreatic growth hormone releasing factor (hpGRF) coupled through a two-step glutaraldehyde method and the other one raised against rat hypothalamic growth hormone releasing factor 1–10 (rGRF1-10), GRF-like immunoreactivity was localized in the hypothalamo-hypophyseal system of the frog ( Rana temporaria) and the sea bass ( Dicentrarchus labrax). In the frog immunoreactive neurons were found in the nucleus preopticus, pars magnocellularis. The immunopositive fibers were localized in the lateral wall of the preoptic recess, the pars ventralis of the tuber cinereum, the internal and external zone of the median eminence, and the neural lobe. Positive-stained neurons in the sea bass were located in the preoptic nucleus, in the pars magnocellularis as well as in the pars parvocellularis, and in the nucleus lateralis tuberis, pars rostralis. GRF-ir nerve fibers, originating in the hypothalamus, projected to the rostral and proximal pars distalis, the posterior neurohypophysis, and the pars intermedia (PI). Double stainings with anti-GRF and anti-ACTH or anti-trout GH showed some close relationship between GRF immunoreactive nerve fibers and adenohypophyseal cell types. In the PI both the MSH and the PI “PAS” positive cells seemed to be directly innervated by the GRF-ir axons. These results show that a GRF-like system is present in the hypothalamohypophyseal system of amphibians and teleosts and that in these lower vertebrates GRF-like material may be secreted directly in the systemic circulation. The function of this GRF, however, is not yet clear.