The functional meaning and neural basis of the P3b component of ERPs are still under debate. One of the main issues is whether P3b reflects only stimulus-related processes (stimulus evaluation hypothesis) or response-related processes as well (stimulus-response or S-R link activation hypothesis). Here, we conducted an EEG experiment examining whether P3b may indeed reflect an S-R link activation, followed by an fMRI experiment in which we explored the brain areas and functional connectivity possibly constituting the neural basis of these sensorimotor links. In both experiments, two successive visual stimuli, S1 and S2, were presented with a 1 sec interval, and responses were defined either by S1 or S2, while participants responded only after S2 onset. The obtained EEG results suggest that P3b may be interpreted in terms of the S-R link activation account, although further studies are needed to disentangle P3-related activity from overlapping anticipatory activity. The obtained fMRI results showed that processing of the relevant S1 involved activation of a distributed postero-anterior sensorimotor network, and increased strength of functional connectivity within this network. This network may underlie activation of the S-R links, thus possibly also the P3b component, forming a bridging step between sensory encoding and response execution. In the present study, we conducted two experiments: an EEG experiment aimed at examining the issue of whether P3b may reflect processes related to activation of stimulus-response (S-R) links or "event files", followed by an fMRI experiment aimed at exploring what may constitute the neural basis of these sensorimotor links. EEG Experiment Introduction. Over four decades have passed since Squires, Squires, and Hillyard 1 described the P3b component (that we will further refer to as P3)-a major centro-parietal part of the P300 complex in the human event-related EEG potential (ERP) with a maximal positive deflection at parietal midline (usually the Pz site) at about 300-700 ms after stimulus onset. Years of extensive studies have shown that P3 emerges whenever a task-related or behaviorally-relevant stimulus is perceived, regardless of stimulus and response modalities, and changes in P3 amplitude and latency are related to a wide range of higher-level cognitive processes 2-4. Yet, the functional meaning of P3 as well as its neural underpinnings are still under debate. Answers to the question of "what is the underlying process reflected by P3?" usually fall into one of two general views. The first view is that P3 reflects stimulus processing only, and is neither related to nor affected by processes of response selection and preparation 5,6. Seminal for this approach, the stimulus evaluation account maintains that P3 is a signature of comprehensive evaluation of perceived events. This evaluation entails processes of allocation of perceptual and/or attentional resources to event encoding and categorization 7-9 , and it is often assumed here that P3 amplitude reflects the amount of these...