Ras proteins were identified through their association with cell transforma
tion. Since then they have been shown to regulate cell growth, differentiat
ion and apoptosis, as well as influencing processes such as cell migration
and neuronal activity. Ras regulates a number of signalling molecules by tr
anslocating them to the plasma membrane for activation. An emerging concept
is that Ras acts as a branchpoint in signal transduction because it orches
trates the activity of multiple signalling pathways to regulate diverse cel
lular functions. This implies a degree of selectivity in the ability of Ras
to activate particular arms of each pathway, but the mechanisms by which t
his is achieved are not known. Ras is also an important regulator of immune
function and in this review, we summarise current understanding of Ras reg
ulation and function and discuss some new aspects of Ras signalling where u
nderstanding is less clear.