Genetic and biochemical analysis of phosphofructokinase in the yeast Saccharomyces cerevisiae led to contradictory hypotheses about the function of the subunits of this heterooctameric enzyme. To gain further insight, we exchanged four evolutionary conserved amino acid residues in each of the two yeast subunits affecting presumed catalytic and regulatory functions. In conjunction with a complementary wild-type subunit, each of the mutant subunits led to a loss of a maximum of 50% of phosphofructokinase activity as compared to wild-type cells. Km values for fructose 6-phosphate were increased in most of these mutants. None of the mutant subunits lacking catalytical functions was able to complement the glucose-negative phenotype of a yeast pfk1 pfk2 double mutant when expressed from a single-copy vector. For the beta-subunits, the other mutants did complement, whereas for the alpha-subunits they did not. Concentrations of fructose 1,6-bisphosphate did not drastically change in metabolite determinations in strains carrying one mutant allele, suggesting that the effect of the mutations introduced can be largely compensated by in vivo regulatory mechanisms, as long as one functional subunit is present. The data implicate that each of the yeast phosphofructokinase subunits can serve catalytically as well as regulatory functions.