Members of the KMembers of the Shal subfamily of voltage-gated K ϩ (Kv) channel pore-forming (␣) subunits encode rapidly activating and inactivating Kv channels that also recover rapidly from inactivation and are important in the generation of I A channels in neurons (1-4) and I to channels in cardiac myocytes (5, 6). Accumulating evidence suggests that functional Kv4 channels reflect the assembly of Kv4 ␣ subunits with one or more Kv channel accessory subunits and other regulatory proteins that influence channel cell surface expression and/or biophysical properties (7). The K ϩ channel-interacting proteins (KChIP), 4 members of the Neuronal Calcium Sensor superfamily (8, 9), for example, are cytosolic accessory subunits that were initially identified in a yeast two-hybrid screen using the N terminus of Kv4.2 as bait (10). Heterologous co-expression with accessory KChIP subunits increases Kv4.2 current densities, as well as altering the timeand voltage-dependent properties of currents (10 -14). Truncation of the first 40 amino acids in the Kv4.2 N terminus results in the loss of KChIP-mediated current modulation but a paradoxical increase in Kv4.2 current densities (11,14). Progressive truncation of the N terminus (up to 40 amino acids) was reported to result in progressively greater increases in current densities, although it was not determined whether the observed increase reflected increased total and/or cell surface Kv4.2 protein expression. Previous mutagenesis studies have been interpreted as suggesting that the major binding site for KChIP2 on the Kv4.2 N terminus is between residues 11 and 23 (15). Structural analysis of the N terminus of Kv4.3, crystallized in complex with the core region (conserved across all family members) of KChIP1 (16,17), however, revealed that KChIPs bind the distal 20 N-terminal residues of Kv4 ␣ subunits in a hydrophobic binding pocket.The KChIP-mediated increases in Kv4.2 current densities have been ascribed to increased trafficking of channels from the endoplasmic reticulum (ER) to the surface membrane (10,11,18), although a precise motif that regulates ER retention has yet to be identified. The amino acid motif Arg-Xaa-Arg (RXR) has been shown to play a role in ER retention of inwardly rectifying K ϩ channels (Kir) (19). For example, ATP-sensitive K ϩ channels (K ATP ) formed by the co-assembly of Kir6 ␣ subunits and sulfonylurea receptor accessory subunits are retained in the ER when either subunit is expressed alone. Subunit co-assembly, however, masks RXR retention motifs, promoting forward trafficking to the cell surface of channel complexes (20). Although the Kv4.2 N terminus contains (at positions 35-37) an RKR sequence, previous studies suggest that this sequence does not function as an ER retention motif (18). It has also been suggested that Kv4.2 alone traffics out of the ER but fails to progress beyond the Golgi complex in the absence of KChIPs (21 4 The abbreviations used are: KChIP, K ϩ channel-interacting protein; ER, endoplasmic reticulum; HP, holding potentia...