A pathological hallmark of Alzheimer’s disease (AD) is an accumulation of insoluble plaque containing the amyloid-β peptide (Aβ) of 40–42 aa residues 1. Prefibrillar, soluble oligomers of Aβ have been recognized to be early and key intermediates in AD-related synaptic dysfunction 2– 9. At nanomolar concentrations, soluble Aβ-oligomers block hippocampal long-term potentiation 7, cause dendritic spine retraction from pyramidal cells 5, 8 and impair rodent spatial memory 2. Soluble Aβ-oligomers have been prepared from chemical syntheses, from transfected cell culture supernatants, from transgenic mouse brain and from human AD brain 2, 4, 7, 9. Together, these data imply a high affinity cell surface receptor for soluble Aβ-oligomers on neurons, one that is central to the pathophysiological process in AD. Here, we identify the cellular Prion Protein (PrP C) as an Aβ-oligomer receptor by expression cloning. Aβ-oligomers bind with nanomolar affinity to PrP C, but the interaction does not require the infectious PrP Sc conformation. Synaptic responsiveness in hippocampal slices from young adult PrP null mice is normal, but the Aβ-oligomer blockade of long-term potentiation is absent. Anti-PrP antibodies prevent Aβ-oligomer binding to PrP C and rescue synaptic plasticity in hippocampal slices from oligomeric β. Thus, PrP C is a mediator of Aβoligomer induced synaptic dysfunction, and PrP C-specific pharmaceuticals may have therapeutic potential for Alzheimer’s disease.