Image fusion is a process to obtain new images containing more information by combining images obtained same or different sensors. With most of the earth observation satellites, high spatial resolution panchromatic images and low spatial resolution multispectral images are obtained. As an example of image fusion "pan sharpening" is a process of combining of high spatial resolution panchromatic images and low spatial resolution multispectral images. At the end of the fusion process both high spatial and spectral resolution new images are obtained. In this study, panchromatic and multispectral images gathered from Ikonos were used. Panchromatic and multispectral images belonging to the same sensor were combined by using different image fusion methods. As pan sharpening methods Brovey transform, Modified IHS, Principal Component Analysis (PCA), Wavelet PC transform and Wavelet A Trous transformation methods were used. Quality of fused products was evaluated from the point of view of both visual and statistical criteria. While wavelet based methods are succesfull in terms of protection of spectral quality of original multispectral images, the colorbased and statistical methods are giving better results within the improvement of spatial content.