d Cylindrospermopsin (CYN) and 7-deoxy-cylindrospermopsin (dCYN) are potent hepatotoxic alkaloids produced by numerous species of cyanobacteria, including the freshwater Cylindrospermopsis raciborskii. C. raciborskii is an invasive cyanobacterium, and the study of how environmental parameters drive CYN production has received significant interest from water managers and health authorities. Light and CO 2 affect cell growth and physiology in photoautotrophs, and these are potential regulators of cyanotoxin biosynthesis. In this study, we investigated how light and CO 2 affect CYN and dCYN pool size as well as the expression of the key genes, cyrA and cyrK, involved in CYN biosynthesis in a toxic C. raciborskii strain. For cells growing at different light intensities (10 and 100 mol photons m ؊2 s ؊1 ), we observed that the rate of CYN pool size production ( CYN ) was coupled to the cell division rate ( c ) during batch culture. This indicated that CYN pool size under our experimental conditions is constant and cell quotas of CYN (Q CYN ) and dCYN (Q dCYN ) are fixed. Moreover, a lack of correlation between expression of cyrA and total CYN cell quotas (Q CYNs ) suggests that the CYN biosynthesis is regulated posttranscriptionally. Under elevated CO 2 (1,300 ppm), we observed minor effects on Q CYN and no effects on expression of cyrA and cyrK. We conclude that the CYN pool size is constitutive and not affected by light and CO 2 conditions. Thus, C. raciborskii bloom toxicity is determined by the absolute abundance of C. raciborskii cells within the water column and the relative abundance of toxic and nontoxic strains. C ylindrospermopsins (CYNs) are a group of related toxic polyketide-derived hepatotoxic alkaloids which are produced by several species of cyanobacteria from genera including Aphanizomenon, Oscillatoria, Anabaena, Raphidiopsis, and Cylindrospermopsis (1). The cyanobacterium Cylindrospermopsis raciborskii (Wołoszyń ska, Nostocales) Seenaya et Subba Raju has received particular attention in recent decades due to its ability to form harmful algal blooms (HAB), combined with its invasive capacity and recent latitudinal expansion (2-4).Three CYNs are known to be produced by C. raciborskii in Australia (5), namely, cylindrospermopsin (CYN), 7-epi-cylindrospermopsin (7-epi-CYN), and 7-deoxy-cylindrospermopsin (dCYN). Each is known to be produced in differing amounts by different strains found in Australia, New Zealand, South Africa, and Thailand (6, 7). All CYNs are produced intracellularly and are thought to be released into the surrounding water body during cell lysis (8). In Australian strains of C. raciborskii, 7-epi-CYN is a minor component (usually less than 5% of the total CYNs), and it is not further considered in this study. CYNs are sensitive to sunlight but rather resistant to temperature, artificial light, and pH changes (9). Because of these natural properties, CYNs can accumulate in a water body, presenting serious environmental and human health risks (10). Thus, it is imperative to understand...