The small natural product wortmannin inhibits protein synthesis by modulating several phosphatidylinositol (PI) metabolic pathways. A primary target of wortmannin in yeast is the plasma membrane-associated PI 4-kinase (PI4K) Stt4p, which is required for actin cytoskeleton organization. Here we show that wortmannin treatment or inactivation of Stt4p, but not disorganization of the actin cytoskeleton per se, leads to a rapid attenuation of translation initiation. Interestingly, inactivation of Pik1p, a wortmannin-insensitive, functionally distinct PI4K, implicated in the regulation of Golgi functions and secretion, also results in severe translation initiation defects with a marked increase of the phosphorylation of the translation initiation factor eIF2␣. Because wortmannin largely phenocopies the effects of rapamycin (e.g. it triggers nuclear accumulation of Gln3p), it likely also inhibits the PI kinase-related, target of rapamycin (TOR) kinases. Importantly, however, neither inactivation of Stt4p nor Pik1p significantly affects TOR-controlled readouts other than translation initiation, indicating that these PI4Ks do not simply function upstream of TOR. Together, our results reveal the existence of a novel translation initiation control mechanism in yeast that is tightly coupled to the synthesis of distinct PI4P pools.Under severe environmental conditions, conservation of energy and cellular resources, which is key to cellular survival, is achieved in part by inhibition of translation initiation. The down-regulation of translation initiation depends on multiple signaling pathways that sense internal stresses and subsequently signal downstream effectors that inactivate specific components of the translation machinery. The eIF4E-binding proteins (4E-BPs) 2 are specific translation inhibitors that bind to the translation factor eIF4E and prevent the recruitment of the translation machinery to mRNA (1, 2). In mammalian cells, binding of 4E-BPs to eIF4E is reversible: hypophosphorylated 4E-BPs bind to eIF4E, whereas hyperphosphorylated 4E-BPs do not bind to eIF4E. Growth stimuli including serum, hormones, growth factors, and mitogens induce hyperphosphorylation of 4E-BPs, followed by their dissociation from eIF4E. Conversely, various stresses including nutrient deprivation cause dephosphorylation of 4E-BPs, which results in a rapid association of 4E-BPs with eIF4E and consequent inhibition of translation (1). In the yeast Saccharomyces cerevisiae, two mammalian 4E-BP homologs, Caf20p and Eap1p, have been described (3)(4)(5). Although the precise role of these proteins in the regulation of translation initiation is poorly understood, Eap1p may inhibit translation initiation following membrane and/or heat stress (6, 7).Another mechanism of translation inhibition in response to various environmental stresses is mediated through the phosphorylation of the ␣ subunit of translation initiation factor 2 (eIF2␣) (8 -10). eIF2␣ is part of a trimeric GTPase eIF2 complex that, in its GTP-bound form, delivers the charged methiony...