The axon initial segment (AIS) is a structure at the start of the axon with a high density of sodium and potassium channels that defines the site of action potential generation. It has recently been shown that this structure is plastic and can change its position along the axon, as well as its length, in a homeostatic manner. Chronic activitydeprivation paradigms in a chick auditory nucleus lead to a lengthening of the AIS and an increase in neuronal excitability. On the other hand, a long-term increase in activity in dissociated rat hippocampal neurons results in an outward movement of the AIS and a decrease in the cell's excitability. Here, we investigated whether the AIS is capable of undergoing structural plasticity in rat hippocampal organotypic slices, which retain the diversity of neuronal cell types present at postnatal ages, including chandelier cells. These interneurons exclusively target the AIS of pyramidal neurons and form rows of presynaptic boutons along them. Stimulating individual CA1 pyramidal neurons that express channelrhodopsin-2 for 48 h leads to an outward shift of the AIS. Intriguingly, both the pre-and postsynaptic components of the axo-axonic synapses did not change position after AIS relocation. We used computational modeling to explore the functional consequences of this partial mismatch and found that it allows the GABAergic synapses to strongly oppose action potential generation, and thus downregulate pyramidal cell excitability. We propose that this spatial arrangement is the optimal configuration for a homeostatic response to long-term stimulation.axon initial segment | chandelier cells | optogenetics | intrinsic plasticity | homeostatic plasticity N eurons receive a large number of synaptic inputs along the somato-dendritic compartment that integrate at the axon initial segment (AIS) to fire an action potential (AP) (1-3). As an important site for transforming graded synaptic inputs into all-or-none APs, it is also a potentially sensitive target for the modulation of neuronal excitability (4, 5). In fact, one interesting aspect of principal neurons in the hippocampus and cortex is the presence of a unique type of GABAergic axo-axonic synapse that forms onto the AIS and controls neuronal output (6, 7). These synapses are formed by a specific group of fast-spiking interneurons, the chandelier cells, that are generally found sparsely distributed in the brain and have therefore been difficult to study in the past (6, 8). However, the recently developed transgenic mouse lines that can label chandelier neurons more selectively have begun to shine light on their form and function (9). In the cortex, the axonal "cartridges" of synaptic boutons that form onto the AIS are generally found on the more distal AIS domain, where the AP is thought to initiate (9). Although there is little information on the role of these interneurons in network function, they have been implicated in a number of events, including driving negative feedback in the dentate gyrus (10), modulating the emergence of sha...