Running head: FTT AND THE NEURAL BASIS OF FRAMING IN ADOLESCENTS i The present fMRI study investigated developmental differences in framing behavior within the context of fuzzy-trace theory, a dual-process model that posits verbatim and gist processes develop differentially from childhood through early adulthood. Adolescents, aged 12-17; and adults, aged 18-44, performed framing tasks similar to those administered by Tversky and Kahneman (1986). Based on fuzzy-trace theory, truncation conditions were manipulated to determine the effects of gist and verbatim processing on risk preference by frame. The preferred response for manipulated truncation conditions elicited increased inferior parietal cortex (IPC), superior parietal cortex (SPC), and dorsolateral prefrontal cortex (DLPFC) activity, whereas increased lateral anterior cingulate cortex (ACC) activity was associated with verbatim processing. Stress and sensation seeking modulated IPC and SPC activity in the loss frame. Keywords: dual process theories, framing task, fMRI