1. The neuropeptide Y (NPY) family of peptides includes also the gut endocrine peptide YY (PYY), tetrapod pancreatic polypeptide (PP), and fish pancreatic peptide-tyrosine (PY). All peptides are 36 amino acids long. 2. Sequences from many types of vertebrates show that NPY has remained extremely well conserved throughout vertebrate evolution with 92% identity between mammals and cartilaginous fishes. 3. PYY has 97-100% identity between cartilaginous fishes and bony fishes, but is less conserved in amphibians and mammals (83% identity between amphibians and sharks and 75% identity between mammals and sharks). 4. NPY and PYY share 70-80% identity in most species. 5. Both NPY and PYY were present in the early vertebrate ancestor because both peptides have been found in lampreys. 6. The tissue distribution appears to have been largely conserved between phyla, except that PYY has more widespread neuronal expression in lower vertebrates. 7. Pancreatic polypeptide has diverged considerably among tetrapods leaving only 50% identity between mammals, birds/reptiles and frogs. 8. Several lines of evidence suggest that the PP gene arose by duplication of the PYY gene, probably in the early evolution of the tetrapods. 9. The pancreatic peptide PY found in anglerfish and daddy sculpin may have resulted from an independent duplication of the PYY gene. 10. The relationships of the recently described mollusc and worm peptides NPF and PYF with the NPY family still appear unclear.