Phosphorylation of proteins and enzymes is crucial for cell growth, di
fferentiation, division and mitosis. Phosphorylation causes conformati
onal changes in a protein resulting in most cases in its increased enz
ymic activity and in more efficient substrate binding. Phosphorylation
is effected by a variety of protein kinases. These enzymes are classi
fied as tyrosine and serine protein kinases in accord with the amino a
cid residues to be phosphorylated. Earlier we have reviewed the data o
n the structure and functions of tyrosine protein kinases [Mol. Biol.,
27, 725-733 (1973)]. Here the functional significance and the structu
re of protein phosphatases, which are antagonists of protein kinases,
are considered.