Neuromodulation provides considerable flexibility to the output of neural n
etworks. In spite of the extensive literature documenting the presence of m
odulatory peptide co-transmitters in many neurons, considerably less is kno
wn about the specific roles of co-transmission in circuit function. This re
view describes some of the potential consequences of peptide cotransmission
in functional circuits, using specific examples from recent work on the ac
tions of identified peptidergic projection neurons acting on the multifunct
ional neural network within the crustacean stomatogastric ganglion. This sy
stem reveals that co-transmission provides projection neurons with a rich a
ssortment of strategies for eliciting multiple outputs from a multifunction
al network.