The target of rapamycin (TOR) plays an important role in memory formation in Aplysia californica. Here, we characterize one of the downstream targets of TOR, the eukaryotic initiation factor 4E (eIF4E) binding protein (4EBP) from Aplysia. Aplysia 4EBP contains the four critical phosphorylation sites regulated by TOR as well as an N-terminal RAIP motif and a C-terminal TOS site. Aplysia 4EBP was hypophosphorylated in synaptosomes, and serotonin addition caused a rapamycin-sensitive increase in 4EBP phosphorylation both in synaptosomes and in isolated neurites. Aplysia 4EBP was regulated in a fashion similar to that of mammalian 4EBPs, binding to eIF4E when dephosphorylated and releasing eIF4E after phosphorylation. Overexpression of 4EBP in the soma of Aplysia neurons caused a specific decrease in cap-dependent translation that was rescued by concomitant overexpression of eIF4E. However, eIF4E overexpression by itself did not increase cap-dependent translation, suggesting that increasing levels of free eIF4E by phosphorylating 4EBP is not important in regulating cap-dependent translation in the cell soma. Total levels of eIF4E were also regulated by 4EBP, suggesting that 4EBP can also act as an eIF4E chaperone. These studies demonstrate the conserved nature of 4EBP regulation and its role in cap-dependent translation and suggest differential roles of 4EBP phosphorylation in the soma and synapse.An increase in the rate of translation that is sensitive to the pharmacological agent rapamycin was recently shown to be an important event underlying lasting phases of synaptic plasticity (2,5,16,58). The primary target of rapamycin in cells is the target of rapamycin (TOR) (9,24,30). One way in which TOR controls translation is by regulating the phosphorylation state of the eukaryotic initiation factor 4E (eIF4E) binding protein (4EBP). Dephosphorylated 4EBP tightly binds eIF4E and represses cap-dependent protein synthesis, and TOR-dependent phosphorylation removes this repression (6,11,46). The amount of eIF4E available in the cell can be a rate-limiting factor in cell growth since its overexpression causes an increase in the expression of growth-promoting proteins, such as ornithine decarboxylase, cyclin D1, and c-Myc (15,49,51,55). Therefore, activation of TOR may contribute to enduring forms of synaptic plasticity through phosphorylation of 4EBP and an increase in translation of molecules that contribute to synaptic growth and/or reorganization.4EBP is located at synaptic sites in mammalian dendrites (58) and is phosphorylated in a TOR-dependent manner after brain-derived neurotrophic factor treatment in dendrites or late-phase long-term potentiation (LTP)-inducing stimuli (3, 35, 57). Moreover, knocking out the gene for 4EBP2, the major 4EBP isoform in adult neurons, converts early LTP into late LTP in the Schaffer collateral pathway (3), suggesting that activating translation through 4EBP phosphorylation is a critical step in generating long-term changes. Long-term depression induced by the addition of an mGLUR ago...