Epinephrine (EPI) is thought to act by stimulating adenylyl cyclase (ACase) and cAMP production through β-adrenoceptors in the liver of more primitive vertebrates. Recent observations, however, point to an involvement of α 1-adrenoceptors in EPI action, at least in some fish species. The role of the α 1- and β-adrenergic transduction pathways has been investigated in rainbow trout (Oncorhynchus mykiss) hepatic tissue. Radioligand-binding assays with the β-adrenergic antagonist 3H-CGP-12177 using hepatic membranes purified on a discontinuous sucrose gradient confirmed the presence of β-adrenoceptors ( K d0.36 nM, B max 8.61 fmol · mg −1 protein). We provide the first demonstration of α 1-adrenoceptors in these same membranes; analysis of binding data with the α 1-adrenergic antagonist 3H-prazosin demonstrated a single class of binding sites with a K dof 15.4 nM and a B max of 75.2 fmol · mg −1 protein. There is a straight correlation between β-adrenoceptor occupancy, ACase activation and cAMP production. On the contrary, the role of inositol 1,4,5-trisphosphate (IP 3) has to be elucidated; in fact, despite the presence of specific microsomal binding sites for IP 3 ( K d 6.03 nM, B max 90.2 fmol · mg −1 protein), its cytosolic concentration was not modulated by EPI. On the other hand, we have previously shown in American eel and bullhead hepatocytes that α 1-adrenergic agonists are able to increase intracellular concentrations of IP 3 and Ca 2+ and to activate glycogenolysis. These data suggest a marked variation in the liver of different fish both in terms of α 1-binding sites affinity and of α 1-adrenoceptor/IP 3/Ca 2+ transduction systems.