The risk for internalizing disorders in children with learning disabilities is frequently debated in the research community and empirical responses are equivocal. For educators and clinicians, the frequent assumption is that children with dyslexia also have at least subtle emotional problems. In this study, school-age children with reading problems and their siblings (N=79) were referred for neuropsychological evaluation. As part of the assessment process, parents, teachers, and the child were asked to rate the child’s level of internalizing symptoms on several behavior rating scales. Results from analyses of the data, using both discrepancy and reading cut scores for diagnosis of dyslexia, suggest that children with dyslexia are not at elevated risk for behaviors related to anxiety, depression, and somatization. Additionally, children at the lowest end of the reading distribution were no more likely to have significant internalizing symptoms than children with less impaired reading.