The authors examined the differences in performance between 30 dyslexic readers in 4th grade, 30 dyslexic readers attending university, and age-matched normal readers for both groups on a lexical decision task to evaluate the underlying factors of dyslexia that persist into adulthood. In both age groups, the dyslexic readers were significantly less accurate and slower than were the normal readers when reading word lists and in connected text. Electrophysiological data showed 2 main distinguishing components. Results supported the hypothesis that the dyslexia phenomenon is characterized by inaccurate and slow word-recognition skills. In addition, the authors found slow performance speed among all dyslexic readers in all stages of processing. (Contains 4 tables and 2 figures.)