The value of an anticipated rewarding event is crucial information in the decision to engage in its pursuit. The networks responsible for encoding and retrieval this value are largely unknown. Using glutamate biosensors and pharmacological manipulations, we found that basolateral amygdala (BLA) glutamatergic activity tracks and mediates both the encoding and retrieval of the hungerstate-dependent value of a palatable food reward. Projection-specific chemogenetic and optogenetic manipulations revealed and it wathe orbitofrontal cortex (OFC) supports the BLA in these processes. Critically, the function of the ventrolateral (lOFC) and medial (mOFC)OFCBLA projections was found to be doubly dissociable. Whereas activity in lOFCBLA projections is necessary for and sufficient to drive encoding of a positive change in the value of a reward, mOFCBLA projections are necessary and sufficient for retrieving this value from memory to guide reward pursuit. These data reveal a new circuit for adaptive reward valuation and pursuit and provide mechanistic insight into the dysfunction in these processes that characterizes myriad psychiatric diseases.. CC-BY-NC-ND 4.0 International license It is made available under a (which was not peer-reviewed) is the author/funder, who has granted bioRxiv a license to display the preprint in perpetuity.The copyright holder for this preprint . http://dx.doi.org/10.1101/299958 doi: bioRxiv preprint first posted online Apr. 11, 2018; Malvaez et al., 3 Prospective consideration of the outcomes of potential action choices is crucial to adaptive decision making. Chief among these considerations is the value of anticipated rewarding events.This incentive information is state-dependent; e.g., a food reward is more valuable when hungry than when sated. It is also learned. The value of a specific reward is encoded during its experience in a relevant state 1 . Retrieval of the previously-encoded value of an anticipated reward allows adaptive reward pursuit decisions. Dysfunction in either the value encoding or retrieval process will lead to the aberrant reward pursuit and ill-informed decision making─ cognitive symptoms that characterize myriad psychiatric diseases. Despite importance to understanding adaptive and maladaptive behavior, little is known of the neural circuits that support reward value encoding and retrieval.The basolateral amygdala (BLA) has long been known to mediate emotional learning [2][3][4] . Accordingly, this structure is necessary for reward value encoding [5][6][7][8][9][10][11][12][13] . But the circuitry supporting the BLA in this function is unknown. Whether the BLA participates in retrieving reward value is less clear and has been disputed 7,10,11 and its contribution, if any, to active decision making is uncertain.Given the BLA is densely innervated by glutamatergic projections from regions themselves implicated in reward learning and decision making 14,15 , we sought to begin to fill these gaps in knowledge by using electroenzymatic biosensors to characterize...