Summary Some aspects of recent experimental approaches to the molecular basis of steroid hormone action are reviewed. Among the topics considered are: (1) the bearing of structure-activity relationships, and of pathways for the metabolism of steroid hormones, on the problem of the nature of the primary cellular receptors for these hormones; (2) coenzyme-like actions of sex hormones in isolated enzyme systems; (3) steroid hormones as allosteric effectors; (4) steroid hormones as regulators of gene expression and of intermediate reactions involved in nucleic acid and protein synthesis.