Abstract.The closely associated phenomena of preequilibrium emission and evaporation residue formation in fusion-like reactions were studied in central collisions between 4~ and ha*Ca at 30 MeV/u. Heavy reaction products were taken in coincidence with neutrons and light charged particles. The preequilibrium neutron data agree very well with predictions of a quantal phase-space model which, in addition to the mean field, takes two-body collisions properly into account. Preequilibrium emission ends in thermally equilibrated hot nuclei with an average excitation energy of about 6 MeV/u. The combined results show a striking interrelation between the 'missing mass' and light-particle multiplicities: the mass difference between the full compound mass and the observed residues can be explained quantitatively by the emission of only neutrons and light charged particles with Z < 2 during the entire course of energy dissipation.