Effects of various nucleotides including GMP, glnsenoslde $Rb_2$, and redoxidants on the activities of both particulate and soluble guanylate cyclase from rat brain have been studied. At the low concentra狀onto of GMP, AMP, ADP, and ATP the activity of guanylate cyclase is not substantially affected, whereas the inhibitory effects of these nucleotides on the enzyme activities are increased with the increasing concentrations of the nucleotides. Similarly, the activity of the soluble guanylate cyclase is inhibited with the increasing concentrations of the nucleotides. Inhibitory effects of GMP, AMP, ADP, and ATP on the activities of particulate guanylate cyclase and soluble guanylate cyclase is reduced in the presence of ginsenoside $Rb_2$. It is apparent broom this finding that there are seperate binding sites on the guanylate cyclase molecule specific for nucleootides and for ginsenoside $Rb_2$. $NAD^+$ shows no significant effect on the activities of particulate guanylate cyclase, whereas NADH inhibits the activities of the enzyme. The activity of particulate guanylate cyclase is slightly inhibited by iodine, whereas that of soluble gllanylate cyclase is strongly inhibited.