Working memory is one of the central constructs in cognitive science and has received enormous attention in the theoretical and empirical literature. Similarly, working memory deficits have long been thought to be one of the core cognitive deficits in schizophrenia, making it a ripe area for translation. The current article provides a brief overview of the current theories and data on the psychological and neural mechanisms involved in working memory, which is a summary of the presentation and discussion on working memory that occurred at the first CNTRICS meeting in Washington, D.C. At this meeting, the consensus was that the constructs of goal maintenance and interference control were the most ready to be pursued as part of a translational cognitive neuroscience effort in the remaining CNTRICS meetings. The group felt that the constructs of longterm memory reactivation, capacity, and strategic encoding were of great clinical interest, but required more basic research. In addition, the group felt that the constructs of maintenance over time and updating in working memory had growing construct validity at the psychological and neural levels, but required more research in schizophrenia before knowing whether they should be targets for a clinical trials setting.Working memory is perhaps one of the most frequently studied domains in both cognitive science and cognitive neuroscience, with a wealth of accumulated theoretical and empirical work at both the psychological and neural level [1]. Further, a large body of work has demonstrated that individuals with schizophrenia have deficits on a varied set of working memory tasks [e.g., 2,3] that are associated with impairments in a range of neural mechanisms [4]. There is some data to suggest that the degree of impairment in certain aspects of working memory predicts later onset of schizophrenia [5,6]. In addition, the level of working memory impairment predicts the degree of social and occupational impairment in individuals with schizophrenia [e.g., 7,8]. Further, individuals who share unexpressed genetic components of vulnerability to schizophrenia also experience impairments in working memory function [e.g., 9,10].