Glutamate, the major excitatory neurotransmitter in the mammalian central nervous system, is transported into and stored in synaptic vesicles. We have purified to apparent homogeneity a protein from brain cytosol that inhibits glutamate and ␥-aminobutyric acid uptake into synaptic vesicles and have termed this protein ''inhibitory protein factor'' (IPF). IPF refers to three distinct proteins with relative molecular weights of 138,000 (IPF ␣), 135,000 (IPF ), and 132,000 (IPF ␥), respectively. Gel filtration and sedimentation data suggest that all three proteins share an elongated structure, identical Stokes radius (60 Å), and identical sedimentation coefficient (4.3 S). Using these values and a partial specific volume of 0.716 ml͞g, we determined the native molecular weight for IPF ␣ to be 103,000. Partial sequence analysis shows that IPF ␣ is derived from ␣ fodrin, a protein implicated in several diverse cellular activities. IPF ␣ inhibits ATP-dependent glutamate uptake into purified synaptic vesicles with an IC 50 of Ϸ26 nM, while showing no ability to inhibit ATP-independent uptake at concentrations up to 100 nM. Moreover, IPF ␣ inhibited neither norepinephrine uptake into chromaffin vesicles nor Na ؉ -dependent glutamate uptake into synaptosomes. However, IPF ␣ inhibited uptake of ␥-aminobutyric acid into synaptic vesicles derived from spinal cord, suggesting that inhibition may not be limited to glutamatergic systems. We propose that IPF could be a novel component of a presynaptic regulatory system. Such a system might modulate neurotransmitter accumulation into synaptic vesicles and thus regulate the overall efficacy of neurotransmission.