The protein p130 was originally isolated from rat brain as an inositol 1,4,5-trisphosphate-binding protein with a domain organization similar to that of phospholipase C-␦1 but which lacks phospholipase C activity. Yeast two-hybrid screening of a human brain cDNA library for clones that encode proteins that interact with p130 has now led to the identification of the catalytic subunit of protein phosphatase 1␣ (PP1c␣) as a p130-binding protein. The association between p130 and PP1c␣ was also confirmed in vitro by an overlay assay, a "pull-down" assay, and surface plasmon resonance analysis. The interaction of p130 with PP1c␣ resulted in inhibition of the catalytic activity of the latter in a p130 concentration-dependent manner. Immunoprecipitation and immunoblot analysis of COS-1 cells that stably express p130 and of mouse brain extract with antibodies to p130 and to PP1c␣ also detected the presence of a complex of p130 and PP1c␣. The activity of glycogen phosphorylase, which is negatively regulated by dephosphorylation by PP1c␣, was higher in COS-1 cells that stably express p130 than in control COS-1 cells. These results suggest that, in addition to its role in inositol 1,4,5-trisphosphate and Ca 2؉ signaling, p130 might also contribute to regulation of protein dephosphorylation through its interaction with PP1c␣.D-myo-Inositol 1,4,5-trisphosphate (Ins(1,4,5)P 3 ), 1 a product of receptor-induced hydrolysis of phosphatidylinositol 4,5-bisphosphate (PtdIns(4,5)P 2 ) by phospholipase C (PLC), plays an important role as an intracellular second messenger by mobilizing Ca 2ϩ from nonmitochondrial stores (1). We previously isolated two Ins(1,4,5)P 3 -binding proteins with molecular masses of 130 and 85 kDa from rat brain (2, 3) with the use of an Ins(1,4,5)P 3 affinity column (4, 5). Partial amino acid sequencing revealed that the 85-kDa molecule was PLC-␦1 (2). Identification of the pleckstrin homology (PH) domain of PLC-␦1 as the site of Ins(1,4,5)P 3 binding helped to define the PH domain as an inositol compound binding module (6, 7). The Ins(1,4,5)P 3 -binding protein with a molecular mass of 130 kDa, termed p130, was a previously unidentified molecule (2, 3). The predicted amino acid sequence of rat p130 shares 38.2% identity with that of rat PLC-␦1; the five identified domains of PLC-␦1 (PH, EF-hand, putative catalytic (X and Y), and C2 domains) are all present in p130. The domain organization of p130 suggests that the protein is likely to possess a fold similar to that of PLC-␦1, a notion that is supported by the results of limited proteolysis with trypsin (8). However, p130 exhibits some distinct characteristics. It is larger than the PLC-␦ isozymes, and it possesses unique regions both at the NH 2 terminus, preceding the PH domain, and at the COOH terminus. Moreover, the residues within the catalytic domain of PLC-␦ that are critical for enzyme activity (His 356 and Glu 390 ) are not conserved in p130 (9). The PH domain of p130, like that of PLC-␦1, is important for the binding of Ins(1,4,5)P 3 (10). Other mol...