Two isoenzymes of serine (threonine) dehydratase can be separated by DEAE cellulose chromatography. 2. Each of these isoenzymes possesses different S:T (serine dehydratase activity: threonine dehydratase activity) ratio and kinetic properties. 3. In early postnatal development, the S:T ratio shows marked variation. 4. The hepatic S:T ratio also changes with dietary manipulations. Furthermore L-alanine inhibits enzymic activities towards serine and threonine to different extent. 5. The results are consistent with the hypothesis postulating the presence of two distinct proteins each having a different activity ratio towards serine and threonine.