if senerios with 2 factors

[Tacklemom]

Wanting to know what to formulate V look up with to if factors

eg: if B2=304 and C3=1/2, then v look up = E4

The only problem is B2 can either be 1/2, 1/4, 3/16, or 1/8 and C3 can be
either 304 or 316. I want to have to be positve ( true ) for both if's to
calculate a v look up....

Help!

 

[Brad]

=IF(AND(B2=304,C3=.5),VLOOKUP(),"Do Nothing")