EN
We study the Taylor towers of the nth symmetric and exterior power functors, Spⁿ and Λⁿ. We obtain a description of the layers of the Taylor towers, $D_{k}Spⁿ$ and $D_{k}Λⁿ$, in terms of the first terms in the Taylor towers of $Sp^{t}$ and $Λ^{t}$ for t < n. The homology of these first terms is related to the stable derived functors (in the sense of Dold and Puppe) of $Sp^{t}$ and $Λ^{t}$. We use stable derived functor calculations of Dold and Puppe to determine the lowest nontrivial homology groups for $D_{k}Spⁿ$ and $D_{k}Λⁿ$.