We describe a single RNA sequence that can assume either of two ribozyme fo
lds and catalyze the two respective reactions. The two ribozyme fords share
no evolutionary history and are completely different, with no base pairs r
and probably no hydrogen bonds) in common, Minor variants of this sequence
are highly active for one or the other reaction, and can be accessed from p
rototype ribozymes through a series of neutral mutations. Thus, in the cour
se of evolution, new RNA folds could arise from preexisting folds, without
the need to carry inactive intermediate sequences. This raises the possibil
ity that biological RNAs having no structural or functional similarity migh
t share a common ancestry. Furthermore, functional and structural divergenc
e might, in some cases, precede rather than follow gene duplication.