The spider venom ␣-latrotoxin (␣-LTX) induces massive exocytosis after binding to surface receptors, and its mechanism is not fully understood. We have investigated its action using toxin-sensitive MIN6 -cells, which express endogenously the ␣-LTX receptor latrophilin (LPH), and toxin-insensitive HIT-T15 -cells, which lack endogenous LPH. ␣-LTX evoked insulin exocytosis in HIT-T15 cells only upon expression of full-length LPH but not of LPH truncated after the first transmembrane domain (LPH-TD1). In HIT-T15 cells expressing full-length LPH and in native MIN6 cells, ␣-LTX first induced membrane depolarization by inhibition of repolarizing K ؉ channels followed by the appearance of Ca 2؉ transients. In a second phase, the toxin induced a large inward current and a prominent increase in intracellular calcium ([Ca 2؉ ] i ) reflecting pore formation. Upon expression of LPH-TD1 in HIT-T15 cells just this second phase was observed. Moreover, the mutated toxin LTX N4C , which is devoid of pore formation, only evoked oscillations of membrane potential by reversible inhibition of iberiotoxin-sensitive K ؉ channels via phospholipase C, activated L-type Ca 2؉ channels independently from its effect on membrane potential, and induced an inositol 1,4,5-trisphosphate receptor-dependent release of intracellular calcium in MIN6 cells. The combined effects evoked transient increases in [Ca 2؉ ] i in these cells, which were sensitive to inhibitors of phospholipase C, protein kinase C, or L-type Ca 2؉ channels. The latter agents also reduced toxin-induced insulin exocytosis. In conclusion, ␣-LTX induces signaling distinct from pore formation via full-length LPH and phospholipase C to regulate physiologically important K ؉ and Ca 2؉ channels as novel targets of its secretory activity.The black widow spider venom ␣-latrotoxin (␣-LTX) 2 induces massive exocytosis of synaptic vesicles and of large dense core vesicles. This property has been extensively exploited to investigate the molecular mechanisms underlying exocytosis (1, 2). Toxin action requires first the binding to a surface receptor, and three distinct receptors for ␣-LTX have been identified: the latrophilins (LPHs), which contain a large extracellular adhesion molecule domain and a C-terminal portion bearing the signature of G-protein-coupled receptors (3, 4), neurexin Ia and  (2), and the receptor-like protein-tyrosine phosphatase (5). It is generally accepted that the toxin inserts subsequently as a tetramer into membranes to form a stable, cation-permeable pore (6), and the ensuing Ca 2ϩ influx plays a major role in the activation of exocytosis. Indeed, expression of a C-terminally truncated form of LPH lacking all except the first transmembrane domain is sufficient to establish toxin-induced pores leading to calcium influx in epithelial HEK293 cells and sensitization of exocytosis in chromaffin cells (7-9). Although these findings indicate that receptor-mediated signal transduction is not required for the action of ␣-LTX, other observations suggest that pore-mediate...