We give a new treatment of Quiggin's and McCullough's characterization of c
omplete Nevanlinna-Pick kernels. We show that a kernel has the matrix-value
d Nevanlinna-Pick property if and only if it has the vector-valued Nevanlin
na-Pick property. We give a representation of all complete Nevanlinna-Pick
kernels, and show that they are all restrictions of a universal complete Ne
vanlinna-Pick kernel. (C) 2000 Academic Press.