Plant-derived natural products are an important source of potential medicines and continue to have a major impact on the drug discovery process. Natural product discovery assignments provide an opportunity to present various experimental techniques to undergraduate students in introductory medicinal chemistry. This assignment was developed to serve as a meaningful hands-on exercise to introduce undergraduate Chemistry students to the common procedure in the early phase of drug discovery using inexpensive corn silk, in which the final year undergraduate student used Recycling Preparative High-Performance Liquid Chromatography to separate and purify steroids from corn silk. The student used advanced spectroscopic methods such as UV, IR, and one- and two-dimensional NMR to elucidate the structures of these steroids. The cytotoxic activity of these steroids was also evaluated and found to be non-cytotoxic to normal human MRC-5 cells at 60 µg/mL via 3-(4,5-dimethylthiazol-2-yl)-2,5-diphenyltetrazolium bromide assay. With this assignment, students gain meaningful multidisciplinary hands-on exercises with the common procedure in the early stages of drug discovery and understand the process of isolating natural compounds that may lead to the development of new drugs.