Preterm birth is a multi-problematic event and can greatly affect the mother psychological wellbeing. The aim of this study was to assess the relationship among depression, anxiety, and mother-infant bonding in mothers of premature babies. A descriptive correlational research design was utilized in this study. A convenient sample of sixty mothers was recruited in this study. The study was conducted at the Neonatal Intensive Care Unit (NICU), at El Manial University Hospital. Data for this study were collected using four tools including socio-demographic data sheet, Beck Depression Inventory, Beck Anxiety Inventory and Mother-Infant Bond Scale. The results of the current study showed that mothers with premature babies suffer from severe level of anxiety and have high negative attitude toward their babies. Also, the study revealed that there was no statistical significant relationship between mothers' depression, anxiety and their bond with their babies. However, there was statistically significant direct relationship between mothers' depression and anxiety. The study concluded that, having premature baby can affect the mother's psychological state. The study recommended that, mothers of premature babies are in great need for psychological support and guidance. It is crucial to follow-up those mothers during their premature babies' development.