The N-terminal extracellular domain (ECD; amino acids 1-208) of the neuronal nicotinic acetylcholine receptor (AChR) ␣7 subunit, the only human AChR subunit known to assemble as a homopentamer, was expressed as a glycosylated form in the yeast Pichia pastoris in order to obtain a native-like model of the extracellular part of an intact pentameric nicotinic AChR. This molecule, ␣7-ECD, although able to bind the specific ligand ␣-bungarotoxin, existed mainly in the form of microaggregates. Substitution of Cys-116 in the ␣7-ECD with serine led to a decrease in microaggregate size. A second mutant form, ␣7-ECD(C116S,Cys-loop), was generated in which, in addition to the C116S mutation, the hydropho- ؊7 M, K i ؍ 1 ؋ 10 ؊5 M, and K i ؍ 0.9 ؋ 10 ؊2 M, respectively). All three constructs were expressed as glycosylated forms, but in vitro deglycosylation reduced the heterogeneity without affecting their ligand binding properties. These results show that ␣7-ECD(C116S,Cys-loop) was expressed in P. pastoris as an oligomer (probably a pentamer) with a near native conformation and that its deglycosylated form seems to be suitable starting material for structural studies on the ligand-binding domain of a neurotransmitter receptor.