Reaction catalyzed by inositol phosphorylceramide synthase (2.7.1.227)

		+		hydroxy fatty acid-containing ceramide	=		hydroxy fatty acid-containing inositolphosphoylceramide
	1-phosphatidyl-1D-myo-inositol	+		hydroxy fatty acid-containing ceramide	=		hydroxy fatty acid-containing inositolphosphoylceramide