Multistability, the coexistence of multiple attractors in a dynamical system, is explored in bursting nerve cells. A modeling study is performed to show that a large class of bursting systems, as defined by a shared topology when represented as dynamical systems, is inherently suited to support multistability. We derive the bifurcation structure and parametric trends leading to multistability in these systems. Evidence for the existence of multirhythmic behavior in neurons of the aquatic mollusc Aplysia californica that is consistent with our proposed mechanism is presented. Although these experimental results are preliminary, they indicate that single neurons may be capable of dynamically storing information for longer time scales than typically attributed to nonsynaptic mechanisms. © 2010 American Institute of Physics. ͓doi:10.1063/1.3413995͔Neurons that support bursting dynamics are a common feature of neural systems. Due to their prevalence, great effort has been devoted to understanding the mechanisms underlying bursting and information processing capabilities that bursting dynamics afford. In this paper, we provide a link between neuronal bursting and information storage. Namely, we show that the mechanism implicit to bursting in certain neurons may allow near instantaneous modifications of activity state that lasts indefinitely following sensory perturbation. Thus, the intrinsic, extrasynaptic state of these neurons can serve as a memory of a sensory event.