For several decades, my laboratory has investigated the regulation of lipid metabolism, focusing on how cells sense metabolic activity in the pathways for the synthesis of phospholipids and triacylglycerol (TAG). We isolated mutants with defects in the expression of structural genes of phospholipid biosynthesis, including INO1, encoding inositol 3‐phosphate synthase, the ratelimiting enzyme in the synthesis of the phospholipid precursor, inositol. This led to the discovery of transcription factors and a promoter element responsible for transcriptional regulation in response to inositol. A major breakthrough in the field was the discovery that phosphatidic acid (PA), precursor to both phospholipids and TAG, serves as the signal for derepression of phospholipid biosynthetic genes in the absence of inositol. PA metabolism is influenced by the rates of synthesis and turnover of essentially all lipids that are derived directly or indirectly from it. Because of the interconnectivity of the pathways involving PA, removal or addition of inositol, triggers rapid changes in the levels of a wide spectrum of lipids, including many signaling lipids. We are currently exploiting these attributes of the cellular response to inositol to elucidate the roles of specific lipids, both in regulating lipid metabolism itself, and in activating stress response signaling across multiple membrane compartments.Supported by NIH grant GM‐19629