We have previously isolated and crystallized a complex from calf spleen, containing actin and a smaller protein which we call profilin. In this paper we describe some properties of this complex, and show that association with profilin is sufficient to explain the persistent monomeric state of some of the actin in spleen extracts; moreover, spleen profilin will recombine with skeletal muscle actin to form a non-polymerizable complex resembling that isolated from spleen. Profilin is not restricted to spleen, but is found in a variety of other tissues and tissue-cultured cell lines. We propose that reversible association of actin with profilin in the cell may provide a mechanism for storage of monomeric actin and controlled turnover of microfilaments.