Magnetic resonance imaging is more sensitive than computed tomography to brain white matter changes of undefined significance observed in elderly subjects termed leuko-araiosis. Cross-sectional clinical studies have shown that these changes are more frequent or are more extensive in patients with cerebrovascular disease or vascular risk factors. Pathological studies have revealed that a number of alterations may underlie focal white matter changes including complete and incomplete lacunar infarcts, état criblé, dilated perivascular (Virchow-Robin) spaces, demyelination, and gliosis. Diffuse white matter changes are more difficult to explain. These might result from confluence of focal changes, or from diffuse white matter ischemia (incomplete infarct). Alternatively, they may be related to alterations of the transependymal CSF flow. Longitudinal studies in asymptomatic subjects correlating the MRI picture with clinical, pathophysiological, and histopathological data are needed in order to establish the significance and prognostic value of the different processes underlying LA, and to plan therapeutic strategies to prevent or treat them.