The results of an analytical study are reported which shows the effect of various physical and operating parameters on noise produced by low pressure ratio propulsive fans operating at subsonic top speeds. Acoustical duct lining effects are included in the study. The concepts used to develop the noise theory used in the study, as well as the correlation between the theory and model test results are also presented. It is shown that good correlation has been established between theory and experiment. Using the theory, it is shown that good aerodynamic design, maximum acceptable fan solidity, low tip speed operation and use of few blades and vanes leads to the lowest noise levels. Typical results of the study indicate that a fan operating at 1.2 fan pressure ratio and 700 ft/second tip speed with 12 blades and 7 vanes and including modest acoustic treatment on the duct wall would produce levels allowing a 100,000 lb. STOL aircraft to meet a noise level objective of 95 PNdB at 500 ft at takeoff.