Prior work shows that false memories resulting from the study of associatively related lists are reduced for both young and older adults when the auditory presentation of study list words is accompanied by related pictures relative to when auditory word presentation is combined with visual presentation of the word. In contrast, young adults, but not older adults, show a reduction in false memories when presented with the visual word along with the auditory word relative to hearing the word only. In both cases of pictures relative to visual words and visual words relative to auditory words alone, the benefit of picture and visual words in reducing false memories has been explained in terms of monitoring for perceptual information. In our first experiment, we provide the first simultaneous comparison of all 3 study presentation modalities (auditory only, auditory plus visual word, and auditory plus picture). Young and older adults show a reduction in false memories in the auditory plus picture condition, but only young adults show a reduction in the visual word condition relative to the auditory only condition. A second experiment investigates whether older adults fail to show a reduction in false memory in the visual word condition because they do not encode perceptual information in the visual word condition. In addition, the second experiment provides evidence that the failure of older adults to show the benefits of visual word presentation is related to reduced cognitive resources.