The elucidation of the tissue-specific profile of expression of the prolact
in (PRL) and growth hormone (GH) receptors during embryonic and fetal devel
opment in a range of species has provided a new impetus for the delineation
of the specific roles of the hormone ligands for these receptors in develo
pment. During late gestation, there is a requirement to shift from a phase
of predominant cellular proliferation, where placental nutrient supply is a
dominant influence on organ and body growth, to one of functional differen
tiation, which is required for independent homoeostasis after birth. In thi
s review we discuss the interactions between the pre-partum increases in co
rtisol and thyroid hormones and the synthesis, secretion and actions of fet
al PRL and GH. We also review the changes that occur in the tissue-specific
expression of the PRL and GH receptors before birth which may play an impo
rtant role in precocial species in the successful transition of the fetus t
o extra-uterine life.