This document summarizes a study that examined the effects of banner location, content, and navigation style on banner recognition. The study used a between-subjects design to test the recognition of modified banner ads by 90 student participants. Results found no significant effects of location or a three-way interaction, but a significant interaction between banner content and navigation style. Specifically, for aimless browsing a URL-only banner performed better than one with additional information, but content type did not matter for goal-directed navigation. The conclusions were that banner recognition is affected by the interaction of content and navigation style.