Projects to develop an automated item banking and test development system have been undertaken on several occasions at the Air Force Human Resources Laboratory (AFHRL) throughout the past 10 years. Such a system permits the construction of tests in far less time and with a higher degree of accuracy than earlier test construction procedures. This paper details Classical Test Theory and Item Response Theory (IRT) approaches to item banking and test construction and their relevance to the development of an automated item banking system. State-of-the-art improvements in the current automated item banking system are proposed which include the capability to generate multiple forms simultaneously and to print new test forms with the same type font, spacing, and format as the reference form. (Author)