The concept of (V*) set was introduced, as a dual companion of that of (V)-set, by Pelczynski in his important paper . In the same paper, the so called properties (V) and (V*) are defined by the coincidence of the (V) or (V*) sets with the weakly relatively compact sets. Many important Banach space properties are (or can be) defined in the same way; that is, by the coincidence of two classes of bounded sets. In this paper, we are concerned with the study of the class of (V*) sets in a Banach space, and its relationship with other related classes. To this general study is devoted Section I. A (as far as we know) new Banach space property (we called it property weak (V*)) is defined, by imposing the coincidence of (V*) sets and weakly conditionally compact sets. In this way, property (V*) is decomposed into the conjunction of the weak (V*) property and the weak sequential completeness. In Section II, we specialize to the study of (V*) sets in Banach lattices. The main result in the section is that every order continuous Banach lattice has property weak (V*), which extends previous results of E. and P. Saab (). Finally, Section III is devoted to the study of (V*) sets in spaces of Bochner integrable functions. We characterize a broad class of (V*) sets in L1(μ, E), obtaining similar results to those of Andrews , Bourgain  and Diestel  for other classes of subsets. Applications to the study of properties (V*) and weak (V*) are obtained. Extension of these results to vector valued Orlicz function spaces are also given.