Forum:Mermaid Archer + Equipped Monster effects

If I equipped [Mermaid Archer] with [Spined Gillman], would Gilly's effect still be active, boosting Mermaid Archer to a formidable 2400 ATK?

Do the equipped monsters keep their effects, period? 74.232.42.243 17:16, January 11, 2010 (UTC)