Neuronal activity in the brain reflects an excitation-inhibition balance that is regulated predominantly by glutamatergic and GABAergic neurotransmission, and often disturbed in neuropsychiatric disorders. Here, we tested the effects of a single oral dose of two anti-glutamatergic drugs (dextromethorphan, an NMDA receptor antagonist; perampanel, an AMPA receptor antagonist) and an L-type voltage-gated calcium channel blocker (nimodipine) on transcranial magnetic stimulation (TMS)-evoked electroencephalographic (EEG) potentials (TEPs) and TMS-induced oscillations (TIOs) in 16 healthy adults in a pseudorandomized, double-blinded, placebo-controlled crossover design. Single-pulse TMS was delivered to the hand area of left primary motor cortex. Dextromethorphan increased the amplitude of the N45 TEP, while it had no effect on TIOs. Perampanel reduced the amplitude of the P60 TEP in the non-stimulated hemisphere, and increased TIOs in the beta-frequency band in the stimulated sensorimotor cortex, and in the alpha-frequency band in midline parietal channels. Nimodipine and placebo had no effect on TEPs and TIOs. The TEP results extend previous pharmaco-TMS-EEG studies by demonstrating that the N45 is regulated by a balance of GABAAergic inhibition and NMDA receptor-mediated glutamatergic excitation. In contrast, AMPA receptormediated glutamatergic neurotransmission contributes to propagated activity reflected in the P60 potential and midline parietal induced oscillations. This pharmacological characterization of TMS-EEG responses will be informative for interpreting TMS-EEG abnormalities in neuropsychiatric disorders with pathological excitation-inhibition balance.Transcranial magnetic stimulation applied during electroencephalographic recording (TMS-EEG) is a powerful technique to access excitability of the targeted brain area and effective connectivity to distant sites in healthy and in pathological conditions 1 . TMS-EEG is also emerging as an effective tool to examine impaired inhibitory and excitatory neurotransmission underlying a broad variety of brain disorders, such as epilepsy, schizophrenia, or Alzheimer's disease 2-5 . To fully exploit clinical translation of TMS-EEG requires a solid physiological characterization of TMS-EEG responses, e.g., in pharmaco-TMS-EEG experiments using drugs with specific modes of action in the central nervous system.EEG responses to TMS can be interrogated in the time 6 and time-frequency domains 7 , providing complementary information about cortical processes 8 . The responses in the time domain are referred to as TMS-evoked EEG potentials (TEPs), which consist of a reliable alternating sequence of positive (P) and negative (N) peaks at approximately 30 (P30), 45 (N45), 60 (P60), 100 (N100) and 180 (P180) milliseconds after the TMS pulse when targeting the primary motor cortex (M1) 6 . Time-frequency decomposition reveals TMS-induced oscillations (TIOs) which, in contrast to TEPs, display responses not time-locked to the TMS pulse 9 . Their typical profile following M1 stimulati...