222Over the last two decades, masked priming has become a central tool for behavioral research aimed at decomposing the fast, highly automatized processing performed b by skilled readers during visual word comprehension. In recent work, this technique has been combined with the recording of event-related potentials (ERPs) in order to p provide a detailed analysis of the time course of component processes, and to provide some insight into the neural mechanisms involved. This research, combining ERP recordings and masked repetition priming of visual word stimuli, has outlined a cascade of ERP components sensitive to the priming manipulation Kiyonaga, Grainger, Midgley, & Holcomb). As well as the classic N400 component, Holcomb and Grainger described two earlier components that are of particular relevance for the present study. We will first summarize these findings.The first of these, the P150 (here referred to as the N N/P150), started as early as 90 msec and was over by 180 msec. This was a spatially focal component that produced p priming effects that were positive-going at occipital sites (especially over the right hemisphere) and negative-going at more anterior sites (priming here refers to targets that are unrelated to the prior prime, compared to targets that were repetitions of the prime). The distributional and temp poral similarity of this effect across several studies using