Abstract. Let A and B be n × n real matrices with A symmetric and B skewsymmetric. Obviously, every simultaneously neutral subspace for the pair (A, B) is neutral for each Hermitian matrix X of the form X = µA + iλB, where µ and λ are arbitrary real numbers. It is well-known that the dimension of each neutral subspace of X is at most In + (X) + In 0 (X), and similarly, the dimension of each neutral subspace of X is at most In − (X) + In 0 (X). These simple observations yield that the maximal possible dimension of an (A, B)-neutral subspace is no larger thanwhere the outer minimum is taken over all pairs of real numbers (λ, µ). In this paper, it is proven that the maximal possible dimension of an (A, B)-neutral subspace actually coincides with the above expression.