This document discusses three-phase transformer configurations and phase angle displacement. It explains that a three-phase transformer can be constructed using either three single-phase transformers connected together, or a single pre-assembled three-phase transformer core. The document also discusses how the primary and secondary windings are labeled and how the phase angle displacement depends on the connection type, such as delta-wye resulting in a 30 degree phase shift. Several examples are provided to demonstrate how to determine if the high voltage leads or lags the low voltage based on the winding connections.