At least two functionally distinct transient outward K + current (I to ) phenotypes can exist across the free wall of the left ventricle (LV). Based upon their voltage-dependent kinetics of recovery from inactivation, these two phenotypes are designated 'I to,fast ' (recovery time constants on the order of tens of milliseconds) and 'I to,slow ' (recovery time constants on the order of thousands of milliseconds). Depending upon species, either I to,fast , I to,slow or both current phenotypes may be expressed in the LV free wall. The expression gradients of these two I to phenotypes across the LV free wall are typically heterogeneous and, depending upon species, may consist of functional phenotypic gradients of both I to,fast and I to,slow and/or density gradients of either phenotype. We review the present evidence (molecular, biophysical, electrophysiological and pharmacological) for Kv4.2/4.3 α subunits underlying LV I to,fast and Kv1.4 α subunits underlying LV I to,slow and speculate upon the potential roles of each of these currents in determining frequency-dependent action potential characteristics of LV subepicardial versus subendocardial myocytes in different species. We also review the possible functional implications of (i) ancillary subunits that regulate Kv1.4 and Kv4.2/4.3 (Kvβ subunits, DPPs), (ii) KChIP2 isoforms, (iii) spider toxin-mediated block of Kv4.2/4.3 (Heteropoda toxins, phrixotoxins), and (iv) potential mechanisms of modulation of I to,fast and I to,slow by cellular redox state, [Ca 2+ ] i and kinase-mediated phosphorylation. I to phenotypic activation and state-dependent gating models and molecular structure-function relationships are also discussed.