Research was conducted to evaluate how well the "Indiana Reading Assessment--Kindergarten" evaluates various reading skills of kindergarten students. Multiple analyses were conducted; while the results of all the analyses were encouraging, the results derived from the concurrent validity study were most significant. All correlations were significant beyond the .05 level, indicating that the tool is a valid instrument for assessing phonemic awareness, phonics, vocabulary, and reading comprehension skills. Overall validity is also established by the Cronbach's alpha of .838. Two types of analysis were performed in order to evaluate whether the "Indiana Reading Assessment--Kindergarten" was reliable: split-half reliability and inter-rater reliability. In both analyses, the resulting correlations were robust. The "Indiana Reading Assessment--Kindergarten" was designed specifically for Indiana teachers to use in assessing students' reading abilities as determined by Indiana's Academic Standards for Reading. Although this report establishes the assessment tool as an effective assessment, the goal of the assessment goes beyond simply assessing to assist teachers in identifying at-risk students to provide intervention to enable students to realize reading success. Further experimental research is necessary to determine whether educators are effectively using the tool to identify at-risk students and provide intervention. Six appendixes are included: (1) Standards Coverage Charts; (2) Assessment Samples--Phonemic Awareness; (3) Test Comparisons; (4) Teacher Feedback; (5) Demographic Data; and (6) Descriptive Statistics. (Contains 4 histograms and 14 tables.) [For Grades 1 and 2 Assessments, see ED502106 and ED502107.]