A 200-Hz pure tone, a 2400-Hz sinusoid, and an AM waveform, created by modulating 2400 Hz with 200 Hz, were employed in a time-intensity trading experiment. Phase delays were imposed on one of the binaural stimuli and the intracranial image was centered by decreasing the intensity of the opposite signal. The 2400-Hz tone was perceived in the midline for equal intensities of the binaural stimuli, irrespective of the interaural phase relationship. The AM waveform and the 200-Hz sinusoid required similar intensity decreases for the disparate phase conditions to achievi• a centered image. The fact that both time and intensity alterations shift the perceptual location of the AM signal and the 200-Hz sinusoid in the same way provides confirmation of a new type to the view that the envelope periodicity of a high-frequency AM waveform is maintained in the auditory system, at least to the level where lateralization occurs. A second experiment provided additional evidence on this point. Subject Classification: 65.60, 65.62, 65.54. INTRODUCTION The lateralization of low-frequency pure tones is dependent on interaural disparities in both time and intensity, whereas the lateralization of high-frequency sinusoids is sensitive only to interaural intensity differences. Stevens and Newman (1936) and Garner and Wertheimer (1951), for example, have shown that the perceived intracranial location of a low-frequency tone can be altered by introducing an interaural phase disparity as long as the frequency of the stimulus is lower than 1500 Hz. For pure tones having a frequency higher than this, the intracranial position of the tone does not shift with changes in the interaural phase relationship. Yet, unlike the case with high-frequency sinusoids, it would appear that the lateralization of high-frequency complex signals is affected by interaural time differences. David, Guttman, and Van Bergeijk (1959), Harris (1960), Yost, and Wightman and Green (1971) have shown that the lateralization of high-pass-filtered clicks can be altered by interaural time differences. These authors suggest that the periodicity of the click train could be utilized for lateralization by the auditory system. The experiments of Sakai and Inoue (1968) and Henning (1974) strongly support such a suggestion. Sakai and Inoue imposed interaural phase disparities on the envelopes of high-frequency amplitude modulated (AM) signals and had the subjects adjust the interaural intensity relationship of a 1000-Hz "pointer" until it appeared to be at the same intracranial location as the AM signal. Their results suggest that the perceived location of the AM stimulus was shifted from midline by manipulation of the interaural phase relationship of the envelope. Henning (1974) with a standard two alternative forced choice procedure measured the just-detectable interaural time delays in binaurally presented three component AM stimuli. He found that subjects were able to detect interaural time disparities equally well when either the entire waveform to one ear was delayed or when ...