The oscillatory phase-resetting model predicts that event-related potential (ERP) components are generated by a superposition of evoked oscillations with different frequencies. We investigate this question in a memory task in which human subjects had to retrieve a verbal label in response to the presentation of a picture. The results show that (i) evoked oscillations in the delta, theta, alpha and beta range undergo a significant phase resetting and (ii) become synchronized in absolute phase during small time windows that (iii) coincide with the latencies of the P1-N1 complex. Our conclusion is that the latencies of ERP components can be predicted at least in part by phase synchronization between frequencies.