Attributional style as it has been operationalized in the Attributional Style Questionnaire (ASQ) was critically assessed. A sample of 538 senior high school and college students completed the ASQ. The resulting ASQ data were then intercorrelated, factor analyzed, and compared to hypothesized matrices for all items, good outcome items, and bad outcome items. Factor analysis revealed no evidence of three attributional styles and demonstrated the weakness of the attributional model. The strength of alternative "outcome" and "event" factor solutions was shown. The ASQ appears to measure the good outcome/bad outcome dichotomy. (SLD)