It is becoming clear that Ras proteins mediate their diverse biologica
l functions by binding to, and participating in, the activation of mul
tiple downstream targets. Recent work has identified nucleotide-exchan
ge factors for Ral-GTPases as the newest members of the set of putativ
e Ras 'effector molecules'. This new work has also detected two potent
ial downstream targets of Rat proteins, a novel CDC42/Rac GTPase-activ
ating protein and a phospholipase D.