Hypothesized that parenting exhibits either a compensatory or buffering effect on age-related increases in adolescent internalizing and externalizing problems. Collected data for five years from mothers, fathers, and adolescent children. Found significant gender differences in growth trajectories of externalizing and internalizing problems. Parenting compensatory and buffering hypotheses were supported for externalizing problems, as was a compensatory effect for internalizing problems. (EV)