2Transposable elements (TEs) have initially been viewed as pure genomic parasites but are now 3 recognized as central genome architects and powerful agents of rapid adaptation. A proper 4 evaluation of their evolutionary significance has been hampered by the paucity of short scale 5 phylogenetic comparisons between closely related species. Here, we characterized the dynamics 6 of TE accumulation at the micro-evolutionary scale by comparing two closely related plant 7 species, Arabidopsis lyrata and A. halleri. Joint genome annotation in these two outcrossing 8 species confirmed that both contain two distinct populations of TEs with either 'recent' or 'old' 9 insertion histories. Identification of rare segregating insertions suggests that diverse TE families 10 contribute to the ongoing dynamics of TE accumulation in the two species. TE fragments that 11 have been maintained in both species, i.e. those that are orthologous, tend to be located on 12 average closer to genes than those that are retained in one species only. Moreover, compared to 13 non-orthologous TE insertions, those that are orthologous tend to produce fewer short 14 interfering RNAs, are less heavily methylated when found within or adjacent to genes and these 15 tend to have lower expression levels. These findings suggest that long-term retention of TE 16 insertions reflects their frequent acquisition of adaptive roles and/or the deleterious effects of 17 removing TE insertions when they are close to genes. Overall, our results indicate a rapid 18 evolutionary dynamics of the TE landscape in these two outcrossing species, with an important