Abstract An isolated equimolar human plasmin-streptokinase complex (native complex) was dissociated either in 8 m urea or at pH 3.0, both before and after treatment with diisopropyl phosphorofluoridate (DIP complex). Dissociation of the native complex either in 8 m urea or at pH 3.0, resulted in an immediate loss of both the bovine plasminogen and human plasminogen activator activities with complete restoration of the original plasmin proteolytic activity. Urea or acid dissociation of the inactive DIP complex did not regenerate either activator or proteolytic activities. The weight average molecular weight of native complex was redetermined with the use of photoelectric scanning optics in the analytical untracentrifuge and found to be 123,900 ± 1,800. The sedimentation coefficient, s020,w, of native complex was redetermined to be 5.0 S. On immunoelectrophoretic analysis, native complex gave a single antigen-antibody band with specific rabbit antibodies to both plasminogen and streptokinase. The DIP complex dissociated with either urea or acid still reacted with both antibodies. However, urea dissociation of native complex caused the mixture to lose only its ability to react with the streptokinase antibody. Gel filtration on Sephadex G-150 in 0.001 m HCl-0.15 m NaCl, pH 3.0, and on Sephadex G-200 in 6 m urea-0.02 m Tris buffer, pH 8.0, was used to separate the dissociated plasmin and streptokinase moieties from the urea- and acid-dissociated complexes. The plasmin moiety isolated from the DIP complex dissociated at pH 3.0 was found to be homogeneous by electrophoretic and ultracentrifugal analysis with a weight average molecular weight of 84,000 ± 4,100 and a sedimentation coefficient, s20,w, of 4.2 S. Carboxyl-terminal amino acid analysis showed that this moiety contained 0.99 residue of asparagine, 0.47 residue of arginine, and 0.53 residue of lysine per mole of protein. It reacted with specific antibodies to both plasminogen and streptokinase. The weight average molecular weight of this moiety in 6 m guanidine-0.05 m phosphate buffer, pH 7.0, was determined to be 67,250. It was calculated that two species of molecules could be present in solution, in equimolar amounts, with molecular weights of 75,000 (plasmin) and 9,000 (streptokinase fragment). The plasmin moiety isolated from native complex dissociated in 8 m urea was found to be homogeneous by electrophoretic and ultracentrifugal analysis with a weight average molecular weight of 65,000 ± 4,000 and a sedimentation coefficient, s20,w, of 3.6 S. Carboxyl-terminal amino acid analysis indicated that considerable cleavage of the moiety had occurred at arginine- and lysine-peptide bonds. The streptokinase moieties isolated from both native and DIP complexes dissociated either in 8 m urea or at pH 3.0 were recovered primarily as fragments. In the ultracentrifuge, they appeared as mixtures of components with sedimentation coefficients between 2 and 0.8 S. This fragmentation occurs very shortly after formation of the complex without loss of any of the fragments from the complex.