This paper shows that code expanding optimizations have strong and non-intuitive implications on instruction cache design. Three types of code expanding optimizations are studied in this paper: instruction placement, function inline expansion, and superscalar optimizations. Overall, instruction placement reduces the miss ratio of small caches. Function inline expansion improves the performance for small cache sizes, but degrades the performance of medium caches. Superscalar optimizations increases the cache size required for a given miss ration. On the other hand, they also increase the sequentiality of instruction access so that a simple load-forward scheme effectively cancels the negative effects. Overall, we show that with load forwarding, the three types of code expanding optimizations jointly improve the performance of small caches and have little effect on large caches.