The X fraction, obtained by centrifuging rat-liver cell sap for 12–15 h at 105 000 × g, markedly stimulated the endogenous and poly (U)-directed amino acid incorporation by a cell-free rat-liver system containing preincubated or non-preincubated ribosomes. Density gradient centrifugation resolved the X fraction into two small, ribonucleoprotein-containing subfractions, with sedimentation coefficients of approx. 55 S and 40 S, and one larger, light subfraction, containing protein and some tRNA. Although rapidly-labelled RNA, probably associated with some messenger activity, accumulated in the 40 S subfraction, the stimulatory effect was concentrated in the light subfraction. Removal of the tRNA did not appreciably reduce this effect, provided that the tRNA content of the test sytem was satisfactory. Aminoacyl-tRNA synthetases did not selectively accumulate in the X fraction. On the other hand, this fraction contained most of the aminoacyl transferase activity of the cell sap. The experimental evidence suggests that this activity contributes to its stimulatory effect in the commonly used test systems.