2. We have utilized the magnitude and duration of the presser response to angiotonin as an index of available angiotonase, and we have found that: (a) Nephrectomy and evisceration are without marked effect on angiotonin response. (b) Hemorrhage and hemodilution without shock cause a striking increase in the response to angiotonin and this appears to be due to removal of the plasma rather than the cells. Shock developing after hemorrhage results in a state of refractoriness to angiotonin. (c) Intact red cells in vitro have no destructive action on angiotonin, but after hemolysis they have several hundred times the activity of plasma, (d) Intravascular hemolysis, whether produced in vitro or in vivo, decreases the response to angiotonin to a degree which is consistent with the hypothesis that the normal animal destroys angiotonin entirely in its plasma. The active principle in hemolyzed blood is destroyed by heating to 65–70°C. for 15 minutes.

3. These findings support the hypothesis that all or at least the greatest part of angiotonin destruction under physiological circumstances occurs in the plasma, and the significance of this hypothesis is discussed.