Cardiovascular risk factors and atherosclerosis precursors were examined in 365 Turkish children and adolescents. Study participants were recruited at five different state schools. We tested single and multi-locus effects of six polymorphisms from five candidate genes, chosen based on prior known association with lipid levels in adults, for association with low ( £ 10 th percentile) high density lipoprotein cholesterol (HDL-C) and high ( ‡ 90 th percentile) triglycerides (TG), and the related continuous outcomes. We observed an association between CETP variant rs708272 and low HDL-C (allelic p = 0.020, genotypic p = 0.046), which was supported by an independent analysis, PRAT (PRAT control p = 0.027). Sex-stratified logistic regression analysis showed that the B2 allele of rs708272 decreased odds of being in the lower tenth percentile of HDL-C measurements (OR = 0.36, p = 0.02) in girls; this direction of effect was also seen in boys but was not significant (OR = 0.64, p = 0.21). Logistic regression analysis also revealed that the T allele of rs6257 (SHBG) decreased odds of being in the top tenth percentile of TG measurements in boys (OR = 0.43, p = 0.03). Analysis of lipid levels as a continuous trait revealed a significant association between rs708272 (CETP) and LDL-C levels in males ( p = 0.02) with the B2B2 genotype group having the lowest mean LDL-C; the same direction of effect was also seen in females ( p = 0.05). An effect was also seen between rs708272 and HDL-C levels in girls ( p = 0.01), with the B2B2 genotype having the highest mean HDL-C levels. Multi-locus analysis, using quantitative multifactor dimensionality reduction (qMDR) identified the previously mentioned CETP variant as the best single locus model, and overall model, for predicting HDL-C levels in children. This study provides evidence for association between CETP and low HDL-C phenotype in children, but the results appear to be weaker in children than previous results in adults and may also be subject to gender effects.