Although Ca 2+ /calmodulin has been suggested to play a role during endocytosis, it remains unknown if binding of Ca 2+ to calmodulin is essential for initiating endocytosis or if this interaction only has a modulatory effect on endocytosis. In this study, using timeresolved capacitance measurements at the rat calyx of Held synapse, the role of calmodulin in endocytosis was examined. Our results demonstrate that blocking calmodulin with an inhibitory peptide, which interfers with the binding of calmodulin to downstream targets, slowed the rate of endocytosis, but only when accompanied by high Ca 2+ influx. In response to a short train of action potential-like stimulation, blocking calmodulin had no effect on endocytosis. Furthermore, we have identified conditions in which inhibition of calmodulin fails to affect the rate of endocytosis, but nevertheless retards recruitment of synaptic vesicles to the fast-releasing vesicle pool responsible for synchronous release. The results indicate that calmodulin facilitates endocytosis in an activity-dependent manner but is not mandatory for endocytosis, and suggest that calmodulin modulates an endocytotic intermediate process, which in turn affects synaptic vesicle recruitment and membrane fission.protein kinase A | synaptic transmission | calcium A t the presynaptic terminal, the role of Ca 2+ in endocytosis remains unclear. Depending on the preparation, Ca 2+ either accelerates the rate of endocytosis, has no apparent effects (1), or can inhibit (2). In addition, it is unknown whether the increase in intraterminal [Ca 2+ ] initiates endocytosis in an all-ornone manner or has only a modulatory role. The uncertainty may partially arise from the different kinetic components of endocytosis that have been observed both within a given cell type and among different preparations (3, 4).The calyx of Held synapse has a large presynaptic terminal where direct recordings can be performed (5). In this preparation, presynaptic capacitance measurements allow for the monitoring of membrane retrieval with high temporal resolution (6). At the calyx synapse, it has recently been shown that both rapid and slow forms of endocytosis are Ca 2+ -dependent and are sensitive to calmodulin inhibitors (7). Based on these results, it was subsequently postulated that Ca 2+ /calmodulin is the major Ca 2+ sensor for endocytosis. However, the stimulation protocols used in this previous study were not representative of physiological conditions. Thus, it remains unclear whether calmodulin triggers endocytosis in response to milder, more physiologically relevant stimulation. Finally, although Wu et al. (7) concluded that Ca 2+ /calmodulin is the major sensor for endocytosis, recent studies have demonstrated that other Ca 2+ sensors can mediate various forms of endocytosis in this (8, but see ref. 7) and other preparations (9).Because of the unanswered questions surrounding the role of calmodulin and other Ca 2+ sensors during endocytosis, we applied more physiologically relevant stimulation to the calyx o...