The selective oestrogen receptor modulators (SERMs) constitute a group of s
ubstances which are capable of regulating the agonistic/antagonistic profil
e of the oestrogen receptor in distinct tissues. Their potential utility is
considerable since, among the pleiotropic range of effects that oestrogens
exert on their target tissues, they may provide a selective profile that b
etter suits each clinical necessity. This review summarizes the principal s
teps of oestrogen action where modifications have resulted in changes of th
e effect profile. Three different steps of oestrogen action have been highl
ighted as being susceptible to modulation: type of ligand, particular speci
es of oestrogen receptor, and particulars at the target tissue. Two main fa
milies of SERMs, the triphenylethylene derivatives, with tamoxifen as the m
ain actor, and the benzothiophene derivatives, mainly represented by raloxi
fene, provide much of the basic and clinical knowledge on the influence of
the type of ligand, Two types of oestrogen receptor, alpha and beta, add th
e second variable susceptible to modulating the response to receptor activa
tion, Finally, the ligand-receptor complex mag define particular events in
its interaction with DNA, such as binding to promoters other than the oestr
ogen response element, recruitment of concrete sets of local transcription
factors, or other options.