ABSTRACTAlthough many studies have shown that the dispersion, increased abundance and dominance of cyanobacteria can be attributed to nutrient enrichment, we discuss features contributing to the dominance of Cylindrospermopsis raciborskii in a shallow, polymictic, subtropical coastal lake with low phosphorus and light limitation (Peri Lake). The presence and dominance of C. raciborskii in an environment with such characteristics emphasizes the idea that nutrients alone do not explain the high density of this cyanobacterium. Other features should be considered in explaining this species dominance, such as phosphorus storage and physiological flexibilitywhich seem to be key features to high densities in low phosphorus systems.