Acetylcholine may set the dynamics of cortical networks to those appro
priate for learning of new information, while decreased cholinergic mo
dulation may set the appropriate dynamics for recall. In slice prepara
tions of the olfactory cortex, acetylcholine selectively suppresses in
trinsic but not afferent fiber synaptic transmission, while decreasing
the adaptation of pyramidal cells. In biologically realistic models o
f this region, the selective suppression of synaptic transmission prev
ents recall of previously learned memories from interfering with the l
earning of new memories, while the decrease in adaptation enhances the
response to afferent input and the modification of synapses. This the
oretical framework may serve to guide future studies linking neuromodu
lators to cortical memory function.