The Kv1.5 K ؉ channel is functionally altered by coassembly with the Kv1.3 subunit, which induces fast inactivation and a hyperpolarizing shift in the activation curve. Here we examine kinase regulation of Kv1.5/ Kv1.3 interaction after coexpression in human embryonic kidney 293 cells. The protein kinase C inhibitor calphostin C (3 M) removed the fast inactivation (66 ؎ 1.9 versus 11 ؎ 0.25%, steady state/peak current) and the -induced hyperpolarizing voltage shift in the activation midpoint (V 1/2 ) (؊21.9 ؎ 1.4 versus ؊4.3 ؎ 2.0 mV). Calphostin C had no effect on Kv1.5 alone with respect to inactivation kinetics and V 1/2 . Okadaic acid, but not the inactive derivative, blunted both calphostin C effects (V 1/2 ؍ ؊17.6 ؎ 2.2 mV, 38 ؎ 1.8% inactivation), consistent with dephosphorylation being required for calphostin C action. Calphostin C also removed the fast inactivation (57 ؎ 2.6 versus 16 ؎ 0.6%) and the shift in V 1/2 (؊22.1 ؎ 1.4 versus -2.1 ؎ 2.0 mV) conferred onto Kv1.5 by the Kv1.2 subunit, which shares only C terminus sequence identity with Kv1.3. In contrast, modulation of Kv1.5 by the Kv2.1 subunit was unaffected by calphostin C. These data suggest that Kv1.2 and Kv1.3 subunit modification of Kv1.5 inactivation and voltage sensitivity require phosphorylation by protein kinase C or a related kinase.Voltage-gated K ϩ channels represent a structurally and functionally diverse group of membrane proteins. These channels establish the resting membrane potential and modulate the frequency and duration of action potentials in nerve and muscle (1,2). Multiple Shaker-like K ϩ channel ␣ and  subunit genes have been cloned from mammalian brain, heart, skeletal muscle, pancreas, and smooth muscle and functionally expressed in heterologous systems (2). The Kv1.1, 1.2, 1.3, and 3.1 subunits confer varying degrees of rapid inactivation onto members of the Kv1 family of delayed rectifiers (3-6). In addition, Kv1.2, 1.3, and 2.1 modify the voltage dependence of Kv1.5 channel opening by shifting the midpoint of activation 8 -20 mV in the hyperpolarizing direction (4,5,7). Each Kv subfamily is derived from a separate gene (Kv1, Kv2, and Kv3), whereas additional variability in the Kv1 subfamily results from alternative splicing in the N-terminal region, thus yielding the Kv1.1, 1.2, and 1.3 subunits (4). The variable N-terminal domains are responsible for the functional differences, whereas the conserved C-terminal domain most likely governs assembly with the ␣ subunit (8, 9).Voltage-gated K ϩ channels are regulated via both serine/ threonine and tyrosine phosphorylation. Kv1.1 and Kv1.2 currents are down-regulated by PKC 1 activation (10, 11). Kv1.2 is down-regulated in part by a G-protein/PKC-dependent phosphorylation of tyrosine 132, whereas PKA phosphorylation of threonine 46 increases current (12, 13). Canine, but not human, Kv1.5 channel activity is decreased also by PKC activation in Xenopus oocytes (11), whereas the human Kv1.5 is down-regulated by tyrosine phosphorylation in HEK cells (14). K...