A steady two-dimensional boundary-layer flow and heat transfer of an upper convected Maxwell fluid near a stagnation-point of a permeable shrinking sheet is studied numerically. The effects of elasticity, shrinking, and suction parameters on the flow and heat transfer characteristics are investigated. A similarity transformation reduces the governing equations to third-order nonlinear ordinary differential equations which are then solved numerically. For a fixed value of elastic parameter, it is found that dual solutions exist for some values of shrinking and suction parameters. The plotted streamlines show that for upper branch solutions, the effects of shrinking and suction are direct and obvious as the flow near the surface is seen to suck through the permeable sheet and drag to the origin of the sheet. However, aligned but reverse flow occurs for the case of lower branch solutions.