Virginiae butanolide C (VB-C) binding protein binds to virginiamycin inducing factor and the protein may function as a possible pleiotropic signal transducer. To further understand signal transducing mechanism, some properties of VB-C binding protcin were investigated. VB-C binding activity was gradually increased during 60 hrs incubation: whereas the amount of produced VBs was not changed. However. VB-C hinding activity was decreased by 30-5096 in the presence of genome DNA. The binding protein could he phosphorylated by [$gamma-^{32} extrm{P}$] ATP. These results suggest that the DNA binding and phosphorylation may be involved in signal transducing mechanism.