We examined the negative and positive adjustment of divorced custodial parents across several areas of functioning, including depression, hostility, alcohol use, and well-being. Differences among custodial mothers and fathers were evaluated, followed by a series of hierarchical regressions that were used to evaluate factors contributing to negative and positive outcomes for the two groups. Compared to custodial fathers, custodial mothers were significantly younger, less likely to cohabit, and they had less income and more economic strain. In terms of their functioning, mothers experienced greater depression and hostility than fathers, but they were less likely to drink excessively. There were no differences in the family functioning, life satisfaction, personal mastery, or well-being of custodial mothers and fathers. We concluded that custodial parents differ in their negative adjustment, but not their positive adjustment, and that custodial fathers have fewer problems with ad-