1. 1. RNAase is associated with yeast ribosomes. The intact ribosomes were stable below 20°, showed no RNAase activity and their ribonucleic acid was resistant to RNAase. However, ribosome-bound RNAase was fully activated and released by incubation at 25°. Ribosomal RNA was denatured and became sensitive to RNAase during incubation at temperatures between 20° and 50°. 2. 2. Adenosine triphosphate was associated with ribosomes. During incubation, conversion of ATP to AMP and liberation of inorganic phosphate from ribosomes were observed. The heat-denaturation of the RNA in ribosomes as measured by hyperchromicity could be reversed by the addition of an ATP-generating system. 3. 3. At 37° the ribosomes were unstable in buffered solution containing 2 mM Mg 2+ but were stabilized by the addition of ATP and spermidine at 0.5 mM each. In this stabilized condition, the ribosomes showed maximal incorporation of amino acids into protein. 4. 4. The possible role is discussed of ATP and Mg 2+ as structural intermediaries between RNA and protein in ribosomes.