Importin-alpha mediates nuclear protein import by binding nuclear loca
lization signals and importin-beta. We find approximately 30% of SRP1p
, the yeast importin-alpha, in a nuclear complex with the Saccharomyce
s cerevisiae nuclear cap-binding protein complex (CBC). Similarly, a l
arge fraction of Xenopus CBC is associated with importin-alpha in the
nucleus. CBC promotes nuclear export of capped U snRNAs and shuttles b
etween nucleus and cytoplasm. The CBC-importin-alpha complex binds spe
cifically to capped RNA, suggesting that CBC might shuttle while bound
to importin-alpha. Strikingly, importin-beta binding displaces the RN
A from the CBC-importin-alpha complex. Thus, the commitment of CBC for
nuclear reentry triggers the release of the export substrate into the
cytoplasm. We provide evidence for a mechanism that ensures that impo
rtin-mediated RNA release is a specifically cytoplasmic event.