A K+ channel was incorporated into voltage-clamped planar lipid bilayers from bovine chromaffin granules and resealed granule membranes (''ghosts''). It was not incorporated from plasma membrane-rich fractions from the adrenal medulla. The channel had a conductance of similar to 400 pS in symmetric 450 mM KC1, with the permeability sequence K+ > Rb+ > Cs+ > Na+ > Li+, and was insensitive to both Ca2+ and charybdotoxin. It exhibited complex gating kinetics, consistent with the presence of multiple open and closed states, and its gating was voltage-dependent. The channels appeared to incorporate into bilayers with the same orientation, and were blocked from one side (the side of vesicle addition) by 0.2-1 mM TEA(+). The block was slightly voltage-dependent. Acidification of resealed granule membranes in response to external ATP (which activated the vacuolar-type ATPase) was significantly reduced in the presence of 1 mM intralumenal TEAC1 (with 9 mM KC1), and parallel measurements with the potential-sensitive dye Oxonol V showed that such vesicles tended to develop higher internal-positive membrane potentials than control vesicles containing only 10 mM KC1. 1 mM TEA(+) had no effect on proton-pumping activity when applied externally, and did not directly affect either the proton-pumping or ATP hydrolytic activity of the partially-purified ATPase. These results suggest that chromaffin granule membranes contain a TEA(+)-sensitive K+ channel which may have a role in regulating the vesicle membrane potential.