The dependence of calcineurin on Ca2+ for activity is the result of th
e concerted action of calmodulin, which increases the turnover rate of
the enzyme and modulates its response to Ca2+ transients, and of calc
ineurin B, which decreases the K-m of the enzyme for its substrate. Th
e calmodulin-stimulated protein phosphatase calcineurin is under the c
ontrol of two functionally distinct, but structurally similar, Ca2+-re
gulated proteins, calmodulin and calcineurin B. The Ca2+-dependent act
ivation of calcineurin by calmodulin is highly cooperative (Hill coeff
icient of 2.8-3), and the concentration of Ca2+ needed for half-maximu
m activation decreases from 1.3 to 0.6 mu M when the concentration of
calmodulin is increased from 0.03 to 20 mu M. Conversely, the affinity
of calmodulin for Ca2+ is increased by more than 2 orders of magnitud
e in the presence of a peptide corresponding to the calmodulin-binding
domain of calcineurin A. Calmodulin increases the V-max without chang
ing the K-m value of the enzyme. Unlike calmodulin, calcineurin B inte
racts with calcineurin A in the presence of EGTA, and Ca2+ binding to
calcineurin B stimulates native calcineurin up to only 10% of the maxi
mum activity achieved with calmodulin. The Ca2+-dependent activation o
f a proteolyzed derivative of calcineurin, calcineurin-45, which lacks
the regulatory domain, was used to study the role of calcineurin B. R
emoval of the regulatory domain increases the V-max of calcineurin, as
does binding of calmodulin, but it also increases the affinity of cal
cineurin for Ca2+. Ca2+ binding to calcineurin B decreases the K-m val
ue of calcineurin without changing its V-max. Like native calcineurin,
calcineurin-45 contains two high-affinity Ca2+ sites (K-d < 0.07 mu M
) and one or two low-affinity sites (K-d > 0.07 mu M).