Let T be a b-ary tree of height n, which has independent, non-negative, n identically distributed random variables associated with each of its edges, a model previously considered by Karp, Pearl, McDiarmid, and Provan. The value of a node is the sum of all the edge values on its path to the root. Consider the problem of finding the minimum leaf Ä 4 value of T . Assume that the edge random variable X is nondegenerate, has E X -ϱ for n Ä 4 some ) 2, and satisfies bP X s c -1 where c is the leftmost point of the support of X. We analyze the performance of the standard branch-and-bound algorithm for this problem Ž Ž .. n Ž . and prove that the number of nodes visited is in probability  q o 1 , where  g 1, b is a constant depending only on the distribution of the edge random variables. Explicit expres-Ž Ž .. n sions for  are derived. We also show that any search algorithm must visit  q o 1 nodes with probability tending to 1, so branch-and-bound is asymptotically optimal where first-order asymptotics are concerned.