This study was designed to investigate the relationship between vocabulary size and the speed and accuracy of lexical processing in preschoolers between the ages of 30-46 months using an automatic eye tracking task based on the looking-while-listening paradigm (Fernald, Zangl, Portillo, & Marchman, 2008) and mispronunciation paradigm (White & Morgan, 2008). Children's eye gaze patterns were tracked while they looked at two pictures (one familiar object, one unfamiliar object) on a computer screen and simultaneously heard one of three kinds of auditory stimuli: correct pronunciations of the familiar object's name, one-feature mispronunciations of the familiar object's name, or a nonword. The results showed that children with larger expressive vocabularies, relative to children with smaller expressive vocabularies, were more likely to look to a familiar object upon hearing a correct pronunciation and to an unfamiliar object upon hearing a novel word. Results also showed that children with larger expressive vocabularies were more sensitive to mispronunciations; they were more likely to look toward the unfamiliar object rather than the familiar object upon hearing a one-feature mispronunciation of a familiar object-name. These results suggest that children with smaller vocabularies, relative to their larger-vocabulary age peers, are at a disadvantage for learning new words, as well as for processing familiar words.