KCNQ (Kv7, "M-type") K ϩ channels and TRPC (transient receptor potential, "canonical") cation channels are coupled to neuronal discharge properties and are regulated via G q/11-protein-mediated signals. Stimulation of G q/11-coupled receptors both consumes phosphatidylinositol 4,5-bisphosphate (PIP 2) via phosphalipase C hydrolysis and stimulates PIP 2 synthesis via rises in Ca 2ϩ i and other signals. Using brain-slice electrophysiology and Ca 2ϩ imaging from male and female mice, we characterized threshold K ϩ currents in dentate gyrus granule cells (DGGCs) and CA1 pyramidal cells, the effects of G q/11-coupled muscarinic M 1 acetylcholine (M 1 R) stimulation on M current and on neuronal discharge properties, and elucidated the intracellular signaling mechanisms involved. We observed disparate signaling cascades between DGGCs and CA1 neurons. DGGCs displayed M 1 R enhancement of M-current, rather than suppression, due to stimulation of PIP 2 synthesis, which was paralleled by increased PIP 2-gated G-protein coupled inwardly rectifying K ϩ currents as well. Deficiency of KCNQ2-containing M-channels ablated the M 1 R-induced enhancement of M-current in DGGCs. Simultaneously, M 1 R stimulation in DGGCs induced robust increases in [Ca 2ϩ ] i , mostly due to TRPC currents, consistent with, and contributing to, neuronal depolarization and hyperexcitability. CA1 neurons did not display such multimodal signaling, but rather M current was suppressed by M 1 R stimulation in these cells, similar to the previously described actions of M 1 R stimulation on M-current in peripheral ganglia that mostly involves PIP 2 depletion. Therefore, these results point to a pleiotropic network of cholinergic signals that direct cell-type-specific, precise control of hippocampal function with strong implications for hyperexcitability and epilepsy.