Phantom Maps and Homology Theories J. Daniel Christensen and Neil P. Strickland Keywords: phantom map, stable homotopy theory, spectrum, triangulated category Abstract: We study phantom maps and homology theories in a stable homotopy category S via a certain Abelian category A. We express the group P(X,Y) of phantom maps X --> Y as an Ext group in A, and give conditions on X or Y which guarantee that it vanishes. We also determine P(X,HB). We show that any composite of two phantom maps is zero, and use this to reduce Margolis' axiomatisation conjecture to an extension problem. We show that a certain functor S --> A is the universal example of a homology theory with values in an AB 5 category, and compare this with some results of Freyd.