The effects of a synthetic apoE1 peptide, viz., residues 133-149 (apoE[133-149]), a mimetic that comprises the apoE receptor-binding domain, on N-methyl-D-aspartate (NMDA)/glycine-induced ion flow through NMDA receptor (NMDAR) channels, has been investigated. The activity of apoE [133][134][135][136][137][138][139][140][141][142][143][144][145][146][147][148][149] was found to depend on the low density lipoprotein receptor-related protein (LRP). Competition experiments with receptor associated protein (RAP) and activated α 2 macroglobulin (α 2 M*), two proteins that compete for apoE binding to LRP, demonstrate that apoE [133][134][135][136][137][138][139][140][141][142][143][144][145][146][147][148][149] inhibition of NMDAR function is mediated at a locus in LRP that overlaps with the binding sites of RAP and α 2 M*. A co-receptor of LRP, cell-surface heparin sulfate proteoglycan, did not function in this system. Additional electrophysiology experiments demonstrated that the inhibitory potency of apoE [133][134][135][136][137][138][139][140][141][142][143][144][145][146][147][148][149] was 3-fold greater for NMDAR-transfected wild-type Chinese Hamster ovary (CHO) cells compared with NMDAR-transfected CHO cells deficient in LRP. Studies with truncation and replacement variants of the apoE peptide demonstrated that the NMDAR-inhibitory properties of these peptides correlate with their binding affinities for LRP. These novel results indicate that apoE functions as an inhibitor of NMDAR ion channels indirectly via LRP, and are suggestive of a participatory role for LRP in NMDAR-based neuropathies.