A functional screen uncovers new secreted factors expressed by chick Hensen's node A yeast Signal Sequence Trap identifies candidates including Calreticulin and Calnexin. We show thatCalreticulin is secretedand binds to BMP4. Calreticulin acts as a BMP antagonist in vivo and in vitro. Calreticulin does not account for all organizer functions but may contribute to its complexity.