Examined outcomes at Grade 8 for boys who, at Grade 6, displayed elevated, though not necessarily clinical, levels of conduct problems (CPs) and depressive symptoms (DSs). An at-risk community sample of 203 boys was divided into 4 groups at Grade 6: (1) co-occurring CPs and depressed mood, (2) CPs only, (3) depressed mood only, and (4) neither problem. The 4 groups were compared at Grade 8 on family management and boy’s adjustment, relationships with parents, delinquency, and suicidal ideation. As hypothesized, the CP-problem-only Ss and Ss with co-occurring CPs and DSs continued to show considerable adjustment deficits at Grade 8, whereas Ss with only DSs showed some improvement. The co-occurring group showed elevated levels of suicidal ideation. As hypothesized, CPs at Grade 6 were predictive of increases in depressed mood by Grade 8, but depressed mood was not predictive of an increase in the CPs measure.