Vector-valued invariant means revisited

We show that a Banach space X is complemented in its ultraproducts if and only if for every amenable semigroup S the space of bounded X-valued functions defined on S admits (a) an invariant average; or (b) what we shall call “an admissible assignment”. Condition (b) still provides an equivalence for quasi-Banach spaces, while condition (a) necessarily implies that the space is locally convex.  2002 Published by Elsevier Science (USA).