A practical real time guidance algorithm has been developed for aerobraking vehicles that minimizes the post-aeropass Delta V requirements for orbit insertion while nearly minimizing the maximum heating rate and the maximum structural loads. The algorithm is general in the sense that a minimum of assumptions is made, thus greatly reducing the number of parameters that must be determined prior to a given mission. An interesting feature is that in-plane guidance performance is tuned by adjusting one mission-dependent parameter, the bank margin; similarly, the out-of-plane guidance performance is tuned by adjusting a plane controller time constant. Other features of the algorithm are simplicity, efficiency, and ease of use. The algorithm is designed for, but not restricted to, a trimmed vehicle with bank angle modulation as the method of trajectory control. Performance of this guidance algorithm during flight in Earth's atmosphere is examined by its use in an aerobraking testbed program. The performance inquiry extends to a wide range of entry speeds covering a number of potential mission applications. Favorable results have been obtained with a minimum of development effort, and directions for improvement of performance are indicated.